PKR strengthens by 66 paisa against greenback

June 04, 2020 (MLN): Pakistani rupee (PKR) appreciated by 66 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 163.66 per USD, against yesterday's closing of PKR 164.33 per USD.

The rupee saw a volatility free session as very little movement was recorded trading in a range of 59 paisa per USD showing an intraday high bid of 163.94 and an intraday Low offer of 163.45.

Within the Open Market, PKR was traded at 162.80/164.20 per USD.

Meanwhile, the currency gained 2.1 rupees against the Pound Sterling as the day's closing quote stood at PKR 204.71 per GBP, while the previous session closed at PKR 206.79 per GBP.

Similarly, PKR's value strengthened by 1 rupees against EUR which closed at PKR 183.23 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 8.00/8.15 percent, whereas the 1 week rate was 8.00/8.05 percent.

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Posted on: 2020-06-04T15:42:00+05:00