PKR strengthens by 23 paisa against greenback

MG News | September 02, 2019 at 04:37 PM GMT+05:00

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September 02, 2019 (MLN): Pakistani rupee (PKR) appreciated by 23 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 156.63 per USD, against last session's closing of PKR 156.86 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 156.70 and an intraday Low offer of 156.45.

Within the Open Market, PKR was traded at 156.50/157.80 per USD.

Meanwhile, the currency gained 1.7 rupees against the Pound Sterling as the day's closing quote stood at PKR 189.36 per GBP, while the previous session closed at PKR 191.08 per GBP.

Similarly, PKR's value strengthened by 1.3 rupees against EUR which closed at PKR 171.82 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 13.50/13.75 percent, whereas the 1 week rate was 13.25/13.40 percent.

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