PKR depreciates by 3 paisa at interbank

May 03, 2019 (MLN): Pakistani rupee (PKR) depreciated by 3 paisa against US Dollar (USD) at today's interbank session as the currency closed the day's trade at PKR 141.32 per USD, against previous session's closing of PKR 141.29 per USD.

During the week, the currency has gained 8 paisa against the greenback , as the previous week was concluded at PKR 141.40 per USD.

Meanwhile, the currency gained 82 paisa against Pound Sterling as the day's closing quote stood at PKR 183.75 per GBP, while the previous session closed at PKR 184.57 per GBP.

On the other hand, PKR's value strengthened by 76 paisa against EUR which closed at PKR 157.65 at the interbank today.

Within the Open Markets, PKR was traded at 141/142.50 per USD.

Conversely in the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it mopped up Rs.499.05 billion for 7 days at 10.7 percent.

The overnight repo rate towards close of the session was 10.50/10.80 percent, whereas the 1 week rate was 10.55/10.75 percent.