PKR weakens by 7 paisa against greenback

MG News | January 08, 2020 at 04:10 PM GMT+05:00

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January 08, 2020 (MLN): Pakistani rupee (PKR) depreciated by 7 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 155.08 per USD, against yesterday's closing of PKR 155.01 per USD.

The rupee endured a relatively dull trading session with very little intraday movement, trading in a range of 15 paisa per USD showing an intraday high bid of 155.16 and an intraday Low offer of 155.03.

Within the Open Market, PKR was traded at 154.80/155.50 per USD.

Alternatively, the currency gained 41 paisa against the Pound Sterling as the day's closing quote stood at PKR 204.02 per GBP, while the previous session closed at PKR 204.43 per GBP.

Similarly, PKR's value strengthened by 74 paisa against EUR which closed at PKR 172.59 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 13.10/13.20 percent, whereas the 1 week rate was 13.25/13.30 percent.

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