PKR trades 2.4 rupee higher against USD

By MG News | April 21, 2020 at 03:33 PM GMT+05:00

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April 21, 2020 (MLN): Pakistani rupee (PKR) appreciated by 2.4 rupees against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 161.13 per USD, against yesterday's closing of PKR 163.49 per USD.

The rupee endured a highly volatile trading session with quotes being recorded in a range of 2.45 rupees per USD showing an intraday high bid of 163.45 and an intraday Low offer of 161.50.

Within the Open Market, PKR was traded at 160.50/162 per USD.

Meanwhile, the currency gained 4.5 rupees against the Pound Sterling as the day's closing quote stood at PKR 199.73 per GBP, while the previous session closed at PKR 204.24 per GBP.

Similarly, PKR's value strengthened by 3.4 rupees against EUR which closed at PKR 174.68 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 8.90/9.00 percent, whereas the 1 week rate was 9.00/9.05 percent.

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