PKR strengthens by 1.2 rupees against greenback

July 02, 2020 (MLN): Pakistani rupee (PKR) appreciated by 1.2 rupees against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.89 per USD, against last session's closing of PKR 168.05 per USD.

The rupee witnessed a mild activity in intraday trade as it was traded in a range of 84 paisa per USD showing an intraday high bid of 167.45 and an intraday Low offer of 167.00.

Within the Open Market, PKR was traded at 167/168.50 per USD.

Alternatively, the currency lost 2.5 rupees to the Pound Sterling as the day's closing quote stood at PKR 209 per GBP, while the previous session closed at PKR 206.5 per GBP.

On the other hand, PKR's value strengthened by 7 paisa against EUR which closed at PKR 188.54 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.00/6.50 percent, whereas the 1 week rate was 6.90/9.95 percent.

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Posted on: 2020-07-02T15:30:00+05:00