PKR stands firm against dollar

October 01, 2019 (MLN): Pakistani rupee (PKR) closed today's trading session relatively unchanged against the USD with the rate remaing stable at PKR 156.36

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 20 paisa per USD showing an intraday high bid of 156.40 and an intraday Low offer of 156.25.

Within the Open Market, PKR was traded at 156/157 per USD.

Meanwhile, the currency gained 69 paisa against the Pound Sterling as the day's closing quote stood at PKR 191.89 per GBP, while the previous session closed at PKR 192.58 per GBP.

Similarly, PKR's value strengthened by 54 paisa against EUR which closed at PKR 170.37 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.256.5 billion for 3 days at 13.32 percent.

The overnight repo rate towards close of the session was 13.30/13.35 percent, whereas the 1 week rate was 13.35/13.40 percent.

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