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PKR depreciates by 2 paisa over the week

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March 12, 2021 (MLN): Pakistani rupee (PKR) depreciated by 5 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 157.14 per USD, against yesterday's closing of PKR 157.09 per USD.

The rupee traded within a very narrow range of 17 paisa per USD showing an intraday high bid of 157.21 and an intraday Low offer of 157.08.

During the week, the currency has lost 2 paisa against the greenback, as the previous week was concluded at PKR 157.12 per USD.

Within the Open Market, PKR was traded at 157.00/157.50 per USD.

Alternatively, the currency remained relatively unchanged against the Pound Sterling as the day's closing quote stood at PKR 219.08 per GBP, while the previous session closed at PKR 219.09 per GBP.

Similarly, PKR's value strengthened by 38 paisa against EUR which closed at PKR 187.56 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.1.19 trillion for 7 days at 7.04 percent.

The overnight repo rate towards close of the session was 7.05/7.15 percent, whereas the 1 week rate was 7.05/7.10 percent.

 

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Posted on: 2021-03-12T15:35:00+05:00

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