PKR ended thursday's trading session with fresh gains to close at 104.40/42 compared to previous closing of 104.46/48. Trading had started at 104.44/47 and remained within 104.43/48 for much of the session.
The Money Market rates ranged between 5.75/6.25 & 6.25/6.40 throughout the day. Early market rates were 6.10/6.40 before the SBP OMO after which they fell to 5.75/6.25 before rising toward 6.25/6.40 again. Overnight Index Average rate was 5.84/6.34 compared to yesterday's rate of 5.98/6.48 while 6M Kibor was unchanged at 6.36/6.61