PKR appreciates by 20 paisa at interbank trade

MG News | December 16, 2020 at 04:14 PM GMT+05:00

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December 16, 2020 (MLN): Pakistani rupee (PKR) appreciated by 20 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.39 per USD, against yesterday's closing of PKR 160.59 per USD.

The rupee traded within a very narrow range of 16 paisa per USD showing an intraday high bid of 160.54 and an intraday Low offer of 160.40.

Within the Open Market, PKR was traded at 160.20/161 per USD.

Alternatively, the currency lost 3.1 rupees to the Pound Sterling as the day's closing quote stood at PKR 216.76 per GBP, while the previous session closed at PKR 213.69 per GBP.

Similarly, PKR's value weakened by 84 paisa against EUR which closed at PKR 195.73 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.50/7.75 percent, whereas the 1 week rate was 7.10/7.20 percent.

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