PKR depreciates by 23 paisa at interbank trade

MG News | July 07, 2020 at 03:41 PM GMT+05:00

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July 07, 2020 (MLN): Pakistani rupee (PKR) depreciated by 23 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.95 per USD, against yesterday's closing of PKR 166.72 per USD.

The rupee traded within a very narrow range of 65 paisa per USD showing an intraday high bid of 167.00 and an intraday Low offer of 166.55.

Within the Open Market, PKR was traded at 166.30/167.50 per USD.

Meanwhile, the currency lost 13 paisa to the Pound Sterling as the day's closing quote stood at PKR 208.33 per GBP, while the previous session closed at PKR 208.19 per GBP.

Similarly, PKR's value weakened by 13 paisa against EUR which closed at PKR 188.29 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.117 billion for 3 days at 7.07 percent.

The overnight repo rate towards close of the session was 7.50/7.75 percent, whereas the 1 week rate was 7.05/7.10 percent.

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