PKR strengthens by 19 paisa against greenback

MG News | January 09, 2020 at 04:34 PM GMT+05:00

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January 09, 2020 (MLN): Pakistani rupee (PKR) appreciated by 19 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.89 per USD, against yesterday's closing of PKR 155.08 per USD.

The rupee traded within a very narrow range of 9 paisa per USD showing an intraday high bid of 154.94 and an intraday Low offer of 154.90.

Within the Open Market, PKR was traded at 154.80/155.50 per USD.

Meanwhile, the currency gained 1.3 rupees against the Pound Sterling as the day's closing quote stood at PKR 202.69 per GBP, while the previous session closed at PKR 204.02 per GBP.

Similarly, PKR's value strengthened by 38 paisa against EUR which closed at PKR 172.21 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.115 billion for 1 day at 13.26 percent.

The overnight repo rate towards close of the session was 13.50/13.70 percent, whereas the 1 week rate was 13.28/13.35 percent.

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