PKR finds stable ground

MG News | June 25, 2019 at 04:09 PM GMT+05:00

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June 25, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 156.99

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 8 paisa per USD showing an intraday high bid of 157.02 and an intraday Low offer of 156.98.

Meanwhile, the currency gained 2.5 rupees against the Pound Sterling as the day's closing quote stood at PKR 200.32 per GBP, while the previous session closed at PKR 200.08 per GBP.

Similarly, PKR's value strengthened by 9 paisa against EUR which closed at PKR 178.76 at the interbank today.

Within the Open Market, PKR was traded at 156/157.80 per USD.

On another note, within the money market, the overnight repo rate towards close of the session was 12.30/12.35 percent, whereas the 1 week rate was 12.50/12.60 percent.

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