PKR appreciates by 40 paisa at interbank trade

MG News | July 21, 2020 at 03:18 PM GMT+05:00

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July 21, 2020 (MLN): Pakistani rupee (PKR) appreciated by 40 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 167.9 per USD, against yesterday's closing of PKR 168.3 per USD.

The rupee traded within a very narrow range of 59 paisa per USD showing an intraday high bid of 168.37 and an intraday Low offer of 167.85.

Within the Open Market, PKR was traded at 167.20/168.20 per USD.

Alternatively, the currency lost 1.3 rupees to the Pound Sterling as the day's closing quote stood at PKR 213.04 per GBP, while the previous session closed at PKR 211.76 per GBP.

On the other hand, PKR's value strengthened by 77 paisa against EUR which closed at PKR 192.14 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.50/7.00 percent, whereas the 1 week rate was 6.85/6.95 percent.

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