PKR strengthens by 18 paisa against greenback

July 09, 2020 (MLN): Pakistani rupee (PKR) appreciated by 18 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.58 per USD, against yesterday's closing of PKR 166.76 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 34 paisa per USD showing an intraday high bid of 166.75 and an intraday Low offer of 166.50.

Within the Open Market, PKR was traded at 166.70/168 per USD.

Alternatively, the currency lost 1.5 rupees to the Pound Sterling as the day's closing quote stood at PKR 210.53 per GBP, while the previous session closed at PKR 209.01 per GBP.

Similarly, PKR's value weakened by 65 paisa against EUR which closed at PKR 188.84 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.00/7.15 percent, whereas the 1 week rate was 7.00/7.10 percent.

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Posted on: 2020-07-09T16:04:00+05:00