PKR recovers 5 paisa at interbank trade

MG News | August 19, 2019 at 04:54 PM GMT+05:00

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August 19, 2019 (MLN): Pakistani rupee (PKR) appreciated by 5 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 158.62 per USD, against last session's closing of PKR 158.67 per USD.

The rupee traded within a very narrow range of 15 paisa per USD showing an intraday high bid of 158.85 and an intraday Low offer of 158.75.

Within the Open Market, PKR was traded at 158.00/159.50 per USD.

Meanwhile, the currency gained 47 paisa against the Pound Sterling as the day's closing quote stood at PKR 192.32 per GBP, while the previous session closed at PKR 192.79 per GBP.

On the other hand, PKR's value weakened by 9 paisa against EUR which closed at PKR 176.06 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 12.75/13.00 percent, whereas the 1 week rate was 13.00/13.25 percent.

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