PKR weakens by 28 paisa in a week

February 19, 2021 (MLN): Pakistani rupee (PKR) depreciated by 17 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 159.10 per USD, against yesterday's closing of PKR 158.93 per USD.

The rupee traded within a very narrow range of 25 paisa per USD showing an intraday high bid of 159.15 and an intraday Low offer of 158.95.

During the week, the currency has lost 28 paisa against the greenback, as the previous week was concluded at PKR 158.82 per USD.

Within the Open Market, PKR was traded at 158.80/159.50 per USD.

Meanwhile, the currency lost 1.7 rupees to the Pound Sterling as the day's closing quote stood at PKR 222.5 per GBP, while the previous session closed at PKR 220.83 per GBP.

Similarly, PKR's value weakened by 1.4 rupees against EUR which closed at PKR 192.96 at the interbank today.

On another note, within the money market, the State Bank of Pakistan (SBP) conducted an Open Market Operation in which it injected Rs.1.31 trillion for 7 days at 7.04 percent.

The overnight repo rate towards close of the session was 7.05/7.15 percent, whereas the 1 week rate was 7.00/7.05 percent.


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Posted on: 2021-02-19T15:30:00+05:00