May 05, 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 159.65 per USD, against yesterday's closing of PKR 159.91 per USD.

The rupee saw a volatility free session as very little movement was recorded trading in a range of 50 paisa per USD showing an intraday high bid of 159.75 and an intraday Low offer of 159.40.

Within the Open Market, PKR was traded at 158.50/160 per USD.

Meanwhile, the currency gained 3 paisa against the Pound Sterling as the day's closing quote stood at PKR 198.99 per GBP, while the previous session closed at PKR 199.03 per GBP.

Similarly, PKR's value strengthened by 79 paisa against EUR which closed at PKR 174.14 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 9.00/9.10 percent, whereas the 1 week rate was 9.00/9.05 percent.

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