PKR gains 59 paisa at the end of a volatile session

May 29, 2019 (MLN): Pakistani rupee (PKR) appreciated by 59 paisa against US Dollar (USD) at today's interbank session as the currency closed the day's trade at PKR 149.64 per USD, against previous session's closing of PKR 150.23 per USD.

The Rupee endured a volatile trading session, with the value of currency trading in a range of 1.05 Rupee per USD showing an intraday high bid of 150.5 and an intraday Low offer of 149.25.

Meanwhile, the currency gained 1.19 rupees against Pound Sterling as the day's closing quote stood at PKR 189.16 per GBP, while the previous session closed at PKR 190.34 per GBP.

Similarly, PKR's value strengthened by 1.22 rupees against EUR which closed at PKR 166.93 at the interbank today.

Within the Open Market, PKR was traded at 149.00/151.50 per USD.

On another note, within the money market, the overnight repo rate towards close of the session was 12.50/12.75 percent, whereas the 1 week rate was 12.35/12.45 percent.

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