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PKR appreciates by 22 paisa at interbank trade

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February 09, 2021 (MLN): Pakistani rupee (PKR) appreciated by 22 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 159.35 per USD, against yesterday's closing of PKR 159.56 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 32 paisa per USD showing an intraday high bid of 159.52 and an intraday Low offer of 159.25.

Within the Open Market, PKR was quoted at 159.00/159.80 per USD.

Alternatively, the currency lost 65 paisa to the Pound Sterling as the day's closing quote stood at PKR 219.37 per GBP, while the previous session closed at PKR 218.72 per GBP.

Similarly, PKR's value weakened by 41 paisa against EUR which closed at PKR 192.29 at the interbank today.

On another note, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it injected Rs.10 billion for 3 days at 7.04 percent.

The overnight repo rate towards close of the session was 7.00/7.10 percent, whereas the 1 week rate was 7.05/7.10 percent.

 

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Posted on: 2021-02-09T15:12:00+05:00

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