March 11, 2021 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 157.09

The rupee traded within a very narrow range of 19 paisa per USD showing an intraday high bid of 157.25 and an intraday Low offer of 157.10.

Within the Open Market, PKR was traded at 156.90/157.40 per USD.

Alternatively, the currency lost 76 paisa to the Pound Sterling as the day's closing quote stood at PKR 219.09 per GBP, while the previous session closed at PKR 218.33 per GBP.

Similarly, PKR's value weakened by 97 paisa against EUR which closed at PKR 187.94 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.202.2 billion for 8 days at 7.04 percent.

The overnight repo rate towards close of the session was 7.05/7.15 percent, whereas the 1 week rate was 7.05/7.10 percent.

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