PKR Appreciated Against USD with a Slight Margin

PKR slightly appreciated against USD, while depreciates against GBP and EUR in the interbank session today.

Pakistani Rupee - Foreign Currency (October 5th)

The Pakistan Rupee (PKR) in the interbank session today slightly improved and closed at PKR 160.35. The improvement is just of PKR 0.02 to USD.

It is further said that PKR traded within a very narrow range of 4 paisa per USD showing an intraday high bid of 160.45 and an intraday low offer of 160.43. Whereas within the Open Market, PKR traded at 160/160.7 per USD.

On the other hand, PKR depreciates 2.2 rupees to the Pound Sterling as the day’s closing quote stood at PKR 219.39 per GBP. Previously, PKR closed at PKR 217.23 per GBP.

PKR appreciated by 54 paisa against EUR which closed at PKR 195.54 at the interbank today.

It is also informed that within the money market, the overnight repo rate towards the close of the session was 7.20/7.30%, whereas the 1-week rate was 7.05/7.10%.

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