PKR strengthens by 11 paisa against greenback

By MG News | January 20, 2021 at 03:23 PM GMT+05:00

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January 20, 2021 (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 160.5 per USD, against yesterday's closing of PKR 160.61 per USD.

The rupee traded within a very narrow range of 9 paisa per USD showing an intraday high bid of 160.48 and an intraday Low offer of 160.42.

Within the Open Market, PKR was traded at 160.20/160.80 per USD.

Alternatively, the currency lost 1 rupees to the Pound Sterling as the day's closing quote stood at PKR 219.37 per GBP, while the previous session closed at PKR 218.34 per GBP.

Similarly, PKR's value weakened by 17 paisa against EUR which closed at PKR 194.75 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.10/7.20 percent, whereas the 1 week rate was 7.05/7.10 percent.

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