PKR appreciates by 16 paisa at interbank trade

MG News | November 04, 2020 at 04:04 PM GMT+05:00

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November 04, 2020 (MLN): Pakistani rupee (PKR) appreciated by 16 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 159.81 per USD, against yesterday's closing of PKR 159.97 per USD.

The rupee traded within a very narrow range of 30 paisa per USD showing an intraday high bid of 159.90 and an intraday Low offer of 159.65.

Within the Open Market, PKR was traded at 159.30/160.30 per USD.

Meanwhile, the currency gained 44 paisa against the Pound Sterling as the day's closing quote stood at PKR 206.94 per GBP, while the previous session closed at PKR 207.38 per GBP.

Similarly, PKR's value strengthened by 5 paisa against EUR which closed at PKR 186.9 at the interbank today.

On another note, within the money market, the overnight repo rate towards the close of the session was 6.20/6.40 percent, whereas the 1-week rate was 6.80/6.95 percent.

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