May 07, 2020 (MLN): Pakistani rupee (PKR) depreciated by 17 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.23 per USD, against yesterday's closing of PKR 160.06 per USD.

The rupee traded within a very narrow range of 69 paisa per USD showing an intraday high bid of 160.45 and an intraday Low offer of 160.00.

Within the Open Market, PKR was traded at 159.5/161 per USD.

Meanwhile, the currency lost 19 paisa to the Pound Sterling as the day's closing quote stood at PKR 198.18 per GBP, while the previous session closed at PKR 197.99 per GBP.

Similarly, PKR's value weakened by 33 paisa against EUR which closed at PKR 173.08 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 9.25/9.75 percent, whereas the 1 week rate was 9.05/9.10 percent.

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