PKR trades 16 paisa lower against USD

MG News | June 24, 2019 at 03:57 PM GMT+05:00

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June 24, 2019 (MLN): Pakistani rupee (PKR) depreciated by 16 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 156.99 per USD, against last session's closing of PKR 156.83 per USD.

The rupee traded within a very narrow range of 11 paisa per USD showing an intraday high bid of 157.03 and an intraday Low offer of 156.98.

Alternatively, the currency gained 2.5 rupees against the Pound Sterling as the day's closing quote stood at PKR 200.08 per GBP, while the previous session closed at PKR 198.83 per GBP.

On the other hand, PKR's value weakened by 1.6 rupees against EUR which closed at PKR 178.85 at the interbank today.

Within the Open Market, PKR was traded at 156/157.50 per USD.

On another note, within the money market, the overnight repo rate towards close of the session was 12.50/12.60 percent, whereas the 1 week rate was 12.35/12.45 percent.

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