PKR weakens by 91 paisa against greenback

MG News | April 07, 2020 at 04:19 PM GMT+05:00

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April 07, 2020 (MLN): Pakistani rupee (PKR) depreciated by 91 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 167.9 per USD, against yesterday's closing of PKR 166.99 per USD. This is the lowest PKR has ever closed against the dollar, however, PKR was traded at 169.50 and quoted at 170.50 last week.

The Rupee saw moderate volatility in today’s session and traded in a range of 90 paisa per USD showing an intraday high bid of 167.90 and an intraday Low offer of 167.25.

Within the Open Market, PKR was traded at 166/167.70 per USD.

Meanwhile, the currency lost 1.5 rupees to the Pound Sterling as the day's closing quote stood at PKR 207.06 per GBP, while the previous session closed at PKR 205.59 per GBP.

Similarly, PKR's value weakened by 2.1 rupees against EUR which closed at PKR 182.36 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 11.00/11.25 percent, whereas the 1 week rate was 11.00/11.05 percent.

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