PKR weakens by 8 paisa against greenback

January 19, 2021 (MLN): Pakistani rupee (PKR) depreciated by 8 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 160.61 per USD, against yesterday's closing of PKR 160.52 per USD.

The rupee traded within a very narrow range of 18 paisa per USD showing an intraday high bid of 160.63 and an intraday Low offer of 160.50.

Within the Open Market, PKR was traded at 160.20/161.00 per USD.

Meanwhile, the currency lost 96 paisa to the Pound Sterling as the day's closing quote stood at PKR 218.34 per GBP, while the previous session closed at PKR 217.37 per GBP.

Similarly, PKR's value weakened by 72 paisa against EUR which closed at PKR 194.58 at the interbank today.

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

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Posted on: 2021-01-19T15:08:00+05:00