Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PKR finds stable ground

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October 21, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 155.91

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 9 paisa per USD showing an intraday high bid of 156.00 and an intraday Low offer of 155.93.

Within the Open Market, PKR was traded at 155.50/156.30 per USD.

Meanwhile, the currency lost 1.4 rupees to the Pound Sterling as the day's closing quote stood at PKR 202.27 per GBP, while the previous session closed at PKR 200.89 per GBP.

Similarly, PKR's value weakened by 58 paisa against EUR which closed at PKR 174.1 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 12.90/13.10 percent, whereas the 1 week rate was 13.20/13.30 percent.

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Posted on: 2019-10-21T16:02:00+05:00

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