PKR appreciates by 11 paisa at interbank trade

MG News | January 16, 2020 at 04:13 PM GMT+05:00

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January 16, 2020 (MLN): Pakistani rupee (PKR) appreciated by 11 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.66 per USD, against yesterday's closing of PKR 154.78 per USD.

The rupee traded within a very narrow range of 12 paisa per USD showing an intraday high bid of 154.77 and an intraday Low offer of 154.69.

Within the Open Market, PKR was traded at 154.5/155.2 per USD.

Alternatively, the currency lost 44 paisa to the Pound Sterling as the day's closing quote stood at PKR 201.91 per GBP, while the previous session closed at PKR 201.47 per GBP.

Similarly, PKR's value weakened by 28 paisa against EUR which closed at PKR 172.56 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 12.90/13.00 percent, whereas the 1 week rate was 13.20/13.25 percent.

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