PKR appreciates by 38 paisa at interbank trade

By MG News | July 27, 2020 at 03:07 PM GMT+05:00

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July 27, 2020 (MLN): Pakistani rupee (PKR) appreciated by 38 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.88 per USD, against last session's closing of PKR 167.26 per USD.

The rupee traded within a very narrow range of 50 paisa per USD showing an intraday high bid of 167.30 and an intraday Low offer of 166.90.

Within the Open Market, PKR was traded at 166.50/167.50 per USD.

Alternatively, the currency lost 1.1 rupees to the Pound Sterling as the day's closing quote stood at PKR 214.13 per GBP, while the previous session closed at PKR 213.06 per GBP.

Similarly, PKR's value weakened by 1.1 rupees against EUR which closed at PKR 195.39 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.10/7.20 percent, whereas the 1 week rate was 7.05/7.10 percent.

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