PKR trades 60 paisa lower against USD

MG News | March 30, 2020 at 03:58 PM GMT+05:00

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March 30, 2020 (MLN): Pakistani rupee (PKR) depreciated by 60 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.14 per USD, against last session's closing of PKR 165.54 per USD.

The rupee endured a volatile trading session with quotes being recorded in a range of 2.00 rupees per USD showing an intraday high bid of 166.50 and an intraday Low offer of 165.75.

Within the Open Market, PKR was traded at 164/167 per USD.

Meanwhile, the currency lost 3.6 rupees to the Pound Sterling as the day's closing quote stood at PKR 205.77 per GBP, while the previous session closed at PKR 202.18 per GBP.

Similarly, PKR's value weakened by 1.5 rupees against EUR which closed at PKR 184.24 at the interbank today.

On another note, within the money market, the overnight repo rate towards the close of the session was 11.00/11.20 percent, whereas the 1-week rate was 11.00/11.05 percent.

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