PKR weakens by 39 paisa against greenback

MG News | December 01, 2020 at 04:41 PM GMT+05:00

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December 01, 2020 (MLN): Pakistani rupee (PKR) depreciated by 39 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 159.82 per USD, against yesterday's closing of PKR 159.42 per USD.

The rupee saw a volatility free session as very little movement was recorded trading in a range of 47 paisa per USD showing an intraday high bid of 159.85 and an intraday Low offer of 159.45.

Within the Open Market, PKR was traded at 159.50/160.30 per USD.

Meanwhile, the currency lost 1.4 rupees to the Pound Sterling as the day's closing quote stood at PKR 214.19 per GBP, while the previous session closed at PKR 212.75 per GBP.

Similarly, PKR's value weakened by 54 paisa against EUR which closed at PKR 191.52 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.70/6.90 percent, whereas the 1 week rate was 6.95/7.00 percent.

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