PKR weakens by 32 paisa against greenback

July 16, 2020 (MLN): Pakistani rupee (PKR) depreciated by 32 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.99 per USD, against yesterday's closing of PKR 166.67 per USD.

The rupee traded within a very narrow range of 34 paisa per USD showing an intraday high bid of 167.10 and an intraday Low offer of 166.85.

Within the Open Market, PKR was traded at 166.60/167.50 per USD.

Alternatively, the currency gained 95 paisa against the Pound Sterling as the day's closing quote stood at PKR 209.37 per GBP, while the previous session closed at PKR 210.33 per GBP.

Similarly, PKR's value strengthened by 30 paisa against EUR which closed at PKR 190.36 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.143 billion for 8 days at 7.01 percent.

The overnight repo rate towards close of the session was 6.90/7.00 percent, whereas the 1 week rate was 7.10/7.40 percent.

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Posted on: 2020-07-16T15:39:00+05:00