PKR depreciates by 13 paisa at interbank trade

By MG News | April 01, 2020 at 03:41 PM GMT+05:00

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April 01, 2020 (MLN): Pakistani rupee (PKR) depreciated by 13 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.83 per USD, against yesterday's closing of PKR 166.7 per USD.

The Rupee saw significant volatility in today’s session and traded in a range of 1.55 rupees per USD showing an intraday high bid of 167.05 and an intraday Low offer of 166.45.

Within the Open Market, PKR was traded at 164/167 per USD.

Meanwhile, the currency lost 94 paisa to the Pound Sterling as the day's closing quote stood at PKR 206.35 per GBP, while the previous session closed at PKR 205.41 per GBP.

On the other hand, PKR's value strengthened by 40 paisa against EUR which closed at PKR 182.74 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 10.25/10.50 percent, whereas the 1 week rate was 10.75/10.90 percent.

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