PKR strengthens by 11 paisa against greenback

August 11, 2020 (MLN): Pakistani rupee (PKR) appreciated by 11 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 168.27 per USD, against yesterday's closing of PKR 168.38 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 14 paisa per USD showing an intraday high bid of 168.45 and an intraday Low offer of 168.40.

Within the Open Market, PKR was traded at 168/169 per USD.

Alternatively, the currency lost 38 paisa to the Pound Sterling as the day's closing quote stood at PKR 220.19 per GBP, while the previous session closed at PKR 219.8 per GBP.

On the other hand, PKR's value strengthened by 3 paisa against EUR which closed at PKR 198.04 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.90/7.00 percent, whereas the 1 week rate was 6.95/7.00 percent.

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Posted on: 2020-08-11T15:03:00+05:00