PKR appreciates by 8 paisa over the week

January 31, 2020 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 154.49

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 21 paisa per USD showing an intraday high bid of 154.62 and an intraday Low offer of 154.44.

During the week, the currency has gained 8 paisa against the greenback, as the previous week was concluded at PKR 154.57 per USD.

Within the Open Market, PKR was traded at 154.30/154.90 per USD.

Meanwhile, the currency lost 2.3 rupees to the Pound Sterling as the day's closing quote stood at PKR 203 per GBP, while the previous session closed at PKR 200.73 per GBP.

Similarly, PKR's value weakened by 5 paisa against EUR which closed at PKR 170.28 at the interbank today.

Today, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it injected Rs.629.95 billion for 7 days at 13.28 percent.

Besides, SBP conducted another OMO in which it purchased GOP Ijara Sukuk worth Rs 14.40 billion on Bai-Mujjal basis with a deferred payment date of January 29, 2021

The overnight repo rate towards close of the session was 13.25/13.40 percent, whereas the 1 week rate was 13.25/13.30 percent.

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