PKR trades 27 paisa higher against USD

July 22, 2020 (MLN): Pakistani rupee (PKR) appreciated by 27 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 167.64 per USD, against yesterday's closing of PKR 167.9 per USD.

The rupee traded within a very narrow range of 29 paisa per USD showing an intraday high bid of 167.85 and an intraday Low offer of 167.70.

Within the Open Market, PKR was traded at 167.80/168.80 per USD.

Meanwhile, the currency gained 93 paisa against the Pound Sterling as the day's closing quote stood at PKR 212.11 per GBP, while the previous session closed at PKR 213.04 per GBP.

On the other hand, PKR's value weakened by 93 paisa against EUR which closed at PKR 193.07 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.60/7.90 percent, whereas the 1 week rate was 7.10/7.20 percent.

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Posted on: 2020-07-22T14:55:00+05:00