PKR weakens by 1.1 rupees against greenback

MG News | June 23, 2020 at 03:09 PM GMT+05:00

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June 23, 2020 (MLN): Pakistani rupee (PKR) depreciated by 1.1 rupees against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 167.65 per USD, against yesterday's closing of PKR 166.59 per USD.

The Rupee saw moderate volatility in today’s session and traded in a range of 84 paisa per USD showing an intraday high bid of 167.70 and an intraday Low offer of 167.10.

Within the Open Market, PKR was traded at 166.80/167.80 per USD.

Meanwhile, the currency lost 2.7 rupees to the Pound Sterling as the day's closing quote stood at PKR 209.51 per GBP, while the previous session closed at PKR 206.81 per GBP.

Similarly, PKR's value weakened by 2.5 rupees against EUR which closed at PKR 189.22 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.50/7.75 percent, whereas the 1 week rate was 7.90/8.05 percent.

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