PKR depreciates by 38 paisa at interbank trade

MG News | May 12, 2020 at 03:15 PM GMT+05:00

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May 12, 2020 (MLN): Pakistani rupee (PKR) depreciated by 38 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.46 per USD, against yesterday's closing of PKR 160.08 per USD.

The rupee traded within a very narrow range of 40 paisa per USD showing an intraday high bid of 160.35 and an intraday Low offer of 160.05.

Within the Open Market, PKR was traded at 159.50/160.50 per USD.

Meanwhile, the currency lost 10 paisa to the Pound Sterling as the day's closing quote stood at PKR 197.89 per GBP, while the previous session closed at PKR 197.79 per GBP.

Similarly, PKR's value weakened by 43 paisa against EUR which closed at PKR 173.65 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 9.10/9.40 percent, whereas the 1 week rate was 9.00/9.05 percent.

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