PKR weakens by 12 paisa against greenback

MG News | December 15, 2020 at 03:37 PM GMT+05:00

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December 15, 2020 (MLN): Pakistani rupee (PKR) depreciated by 12 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.59 per USD, against yesterday's closing of PKR 160.47 per USD.

The rupee traded within a very narrow range of 14 paisa per USD showing an intraday high bid of 160.59 and an intraday Low offer of 160.50.

Within the Open Market, PKR was traded at 160.20/161 per USD.

Alternatively, the currency gained 1.2 rupees against the Pound Sterling as the day's closing quote stood at PKR 213.69 per GBP, while the previous session closed at PKR 214.93 per GBP.

Similarly, PKR's value strengthened by 3 paisa against EUR which closed at PKR 194.89 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 7.05/7.15 percent, whereas the 1 week rate was 7.05/7.10 percent.

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