Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PKR strengthens by 5 paisa against greenback

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

December 19, 2019 (MLN): Pakistani rupee (PKR) appreciated by 5 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.9 per USD, against yesterday's closing of PKR 154.95 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 3 paisa per USD showing an intraday high bid of 154.91 and an intraday Low offer of 154.90.

Within the Open Market, PKR was traded at 154.30/155 per USD.

Meanwhile, the currency gained 17 paisa against the Pound Sterling as the day's closing quote stood at PKR 202.97 per GBP, while the previous session closed at PKR 203.14 per GBP.

Similarly, PKR's value strengthened by 18 paisa against EUR which closed at PKR 172.43 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.339 billion for 8 days at 13.28 percent.

The overnight repo rate towards close of the session was 13.30/13.50 percent, whereas the 1 week rate was 13.25/13.35 percent.

Copyright Mettis Link News

Posted on: 2019-12-19T16:24:00+05:00

31669