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Mettis Global News
Mettis Global News

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PKR depreciates by 1.4 rupees over the week

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July 19, 2019 (MLN): Pakistani rupee (PKR) depreciated by 16 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.19 per USD, against yesterday's closing of PKR 160.03 per USD.

The Rupee saw moderate volatility in today’s session and traded in a range of 37 paisa per USD showing an intraday high bid of 160.35 and an intraday Low offer of 160.08.

During the week, the currency has lost 1.4 rupees against the greenback, as the previous week was concluded at PKR 158.79 per USD.

Within the Open Market, PKR was traded at 159.50/161.00 per USD.

Meanwhile, the currency lost 79 paisa to the Pound Sterling as the day's closing quote stood at PKR 200.47 per GBP, while the previous session closed at PKR 199.68 per GBP.

Similarly, PKR's value weakened by 29 paisa against EUR which closed at PKR 180.15 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.465 billion for 7 days at 13.34 percent.

The overnight repo rate towards close of the session was 13.35/13.40 percent, whereas the 1 week rate was 13.35/13.45 percent.

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Posted on: 2019-07-19T17:02:00+05:00