PKR trades 7 paisa higher against USD

MG News | January 15, 2020 at 04:12 PM GMT+05:00

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January 15, 2020 (MLN): Pakistani rupee (PKR) appreciated by 7 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.78 per USD, against yesterday's closing of PKR 154.85 per USD.

The rupee traded within a very narrow range of 10 paisa per USD showing an intraday high bid of 154.85 and an intraday Low offer of 154.77.

Within the Open Market, PKR was traded at 154.80/155.30 per USD.

Alternatively, the currency lost 67 paisa to the Pound Sterling as the day's closing quote stood at PKR 201.47 per GBP, while the previous session closed at PKR 200.8 per GBP.

On the other hand, PKR's value strengthened by 14 paisa against EUR which closed at PKR 172.28 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 13.00/13.10 percent, whereas the 1 week rate was 13.20/13.25 percent.

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