PKR appreciates by 14 paisa at interbank trade

By MG News | April 08, 2020 at 03:58 PM GMT+05:00

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April 08, 2020 (MLN): Pakistani rupee (PKR) appreciated by 14 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 167.76 per USD, against yesterday's closing of PKR 167.9 per USD.

The rupee traded within a very narrow range of 30 paisa per USD showing an intraday high bid of 167.90 and an intraday Low offer of 167.75.

Within the Open Market, PKR was traded at 167/168.50 per USD.

Meanwhile, the currency gained 63 paisa against the Pound Sterling as the day's closing quote stood at PKR 206.43 per GBP, while the previous session closed at PKR 207.06 per GBP.

Similarly, PKR's value strengthened by 31 paisa against EUR which closed at PKR 182.06 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 11.00/11.25 percent, whereas the 1 week rate was 11.00/11.05 percent.

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