PKR appreciates by 26 paisa at interbank trade

September 24, 2020 (MLN): Pakistani rupee (PKR) appreciated by 26 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 165.96 per USD, against yesterday's closing of PKR 166.23 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 34 paisa per USD showing an intraday high bid of 166.25 and an intraday Low offer of 165.95.

Within the Open Market, PKR was traded at 165.80/166.80 per USD.

Alternatively, the currency lost 14 paisa to the Pound Sterling as the day's closing quote stood at PKR 211.19 per GBP, while the previous session closed at PKR 211.06 per GBP.

On the other hand, PKR's value strengthened by 87 paisa against EUR which closed at PKR 193.51 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.05/7.10 percent, whereas the 1 week rate was 7.00/7.05 percent.

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