PKR appreciates by 19 paisa at interbank trade

July 08, 2020 (MLN): Pakistani rupee (PKR) appreciated by 19 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.76 per USD, against yesterday's closing of PKR 166.95 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 19 paisa per USD showing an intraday high bid of 167.00 and an intraday Low offer of 166.90.

Within the Open Market, PKR was traded at 166.70/168 per USD.

Alternatively, the currency lost 68 paisa to the Pound Sterling as the day's closing quote stood at PKR 209.01 per GBP, while the previous session closed at PKR 208.33 per GBP.

On the other hand, PKR's value strengthened by 11 paisa against EUR which closed at PKR 188.19 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.50/6.75 percent, whereas the 1 week rate was 6.85/6.95 percent.

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