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PKR weakens by 98 paisa against greenback

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June 01, 2020 (MLN): Pakistani rupee (PKR) depreciated by 98 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 164.08 per USD, against last session's closing of PKR 163.1 per USD.

Within the Open Market, PKR was traded at 163.00/164.00 per USD.

Meanwhile, the currency lost 2.9 rupees to the Pound Sterling as the day's closing quote stood at PKR 203.66 per GBP, while the previous session closed at PKR 200.75 per GBP.

Similarly, PKR's value weakened by 1.8 rupees against EUR which closed at PKR 182.77 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 8.20/8.30 percent, whereas the 1 week rate was 8.10/8.25 percent.

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Posted on: 2020-06-01T17:09:00+05:00