PKR depreciates by 9 paisa at interbank trade

MG News | January 23, 2020 at 04:04 PM GMT+05:00

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January 23, 2020 (MLN): Pakistani rupee (PKR) depreciated by 9 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.61 per USD, against yesterday's closing of PKR 154.53 per USD.

The rupee traded within a very narrow range of 15 paisa per USD showing an intraday high bid of 154.68 and an intraday Low offer of 154.55.

Within the Open Market, PKR was traded at 154.50/155.20 per USD.

Meanwhile, the currency lost 1.4 rupees to the Pound Sterling as the day's closing quote stood at PKR 202.96 per GBP, while the previous session closed at PKR 201.58 per GBP.

Similarly, PKR's value weakened by 12 paisa against EUR which closed at PKR 171.36 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 mopped up Rs.11.15 billion for 1 day at 13.2 percent.

The overnight repo rate towards close of the session was 12.50/12.75 percent, whereas the 1 week rate was 13.20/13.25 percent.

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