PKR depreciates by 19 paisa at interbank trade

MG News | December 07, 2020 at 04:10 PM GMT+05:00

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December 07, 2020 (MLN): Pakistani rupee (PKR) depreciated by 19 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.32 per USD, against last session's closing of PKR 160.13 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 25 paisa per USD showing an intraday high bid of 160.35 and an intraday Low offer of 160.15.

Within the Open Market, PKR was traded at 160.00/160.50 per USD.

Alternatively, the currency gained 2.7 rupees against the Pound Sterling as the day's closing quote stood at PKR 212.15 per GBP, while the previous session closed at PKR 214.88 per GBP.

Similarly, PKR's value strengthened by 96 paisa against EUR which closed at PKR 193.76 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.90/7.00 percent, whereas the 1 week rate was 7.00/7.05 percent.

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