PKR strengthens by 10 paisa against greenback

April 16, 2020 (MLN): Pakistani rupee (PKR) appreciated by 10 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.88 per USD, against yesterday's closing of PKR 166.98 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 12 paisa per USD showing an intraday high bid of 166.95 and an intraday Low offer of 166.85.

Within the Open Market, PKR was traded at 166/167.5 per USD.

Meanwhile, the currency gained 76 paisa against the Pound Sterling as the day's closing quote stood at PKR 208.19 per GBP, while the previous session closed at PKR 208.94 per GBP.

Similarly, PKR's value strengthened by 1 rupees against EUR which closed at PKR 181.49 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.191.8 billion for 1 day at 11.04 percent.

The overnight repo rate towards close of the session was 11.00/11.10 percent, whereas the 1 week rate was 11.00/11.05 percent.

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Posted on: 2020-04-16T16:28:00+05:00