PKR trades 29 paisa higher against USD

MG News | June 24, 2020 at 04:03 PM GMT+05:00

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June 24, 2020 (MLN): Pakistani rupee (PKR) appreciated by 29 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 167.36 per USD, against yesterday's closing of PKR 167.65 per USD.

The Rupee saw moderate volatility in today’s session and traded in a range of 1.05 rupees per USD showing an intraday high bid of 168.00 and an intraday Low offer of 167.30.

Within the Open Market, PKR was traded at 167.25/168.50 per USD.

Meanwhile, the currency gained 54 paisa against the Pound Sterling as the day's closing quote stood at PKR 208.97 per GBP, while the previous session closed at PKR 209.51 per GBP.

Similarly, PKR's value strengthened by 14 paisa against EUR which closed at PKR 189.08 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.00/7.10 percent, whereas the 1 week rate was 7.50/7.90 percent.

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