PKR depreciates by 11 paisa at interbank trade

By MG News | February 17, 2020 at 03:51 PM GMT+05:00

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February 17, 2020 (MLN): Pakistani rupee (PKR) depreciated by 11 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.28 per USD, against last session's closing of PKR 154.17 per USD.

The rupee traded within a very narrow range of 12 paisa per USD showing an intraday high bid of 154.29 and an intraday Low offer of 154.23.

Within the Open Market, PKR was traded at 154.00/154.50 per USD.

Meanwhile, the currency lost 46 paisa to the Pound Sterling as the day's closing quote stood at PKR 201.25 per GBP, while the previous session closed at PKR 200.79 per GBP.

Similarly, PKR's value weakened by 17 paisa against EUR which closed at PKR 167.38 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 13.15/13.25 percent, whereas the 1 week rate was 13.20/13.30 percent.

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