PKR snaps by 21 paisa

MG News | July 18, 2019 at 05:10 PM GMT+05:00

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July 18, 2019 (MLN): Pakistani rupee (PKR) depreciated by 21 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.03 per USD, against yesterday's closing of PKR 159.82 per USD.

The Rupee saw moderate volatility in today’s session and traded in a range of 34 paisa per USD showing an intraday high bid of 160.15 and an intraday Low offer of 159.88.

Within the Open Market, PKR was traded at 159.5/162 per USD.

Meanwhile, the currency lost 1.5 rupees to the Pound Sterling as the day's closing quote stood at PKR 199.68 per GBP, while the previous session closed at PKR 198.14 per GBP.

Similarly, PKR's value weakened by 64 paisa against EUR which closed at PKR 179.86 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 injected Rs.1.08 trillion for 8 days at 13.32 percent.

The overnight repo rate towards close of the session was 13.40/13.60 percent, whereas the 1 week rate was 13.40/13.50 percent.

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