PKR Appreciated by 11 Paisa Against USD

PKR, in the forex market, appreciated against USD, while it depreciated against GBP and EUR

Pakistani Rupee - Foreign Currency (October 5th)

Today in the forex market, PKR appreciated by 11 paisa against USD. The closing rate was PKR 160.05 per USD.

It is added that the PKR was traded between a very narrow range of 9 paisa per USD showing an intraday high bid of 160.48 and an intraday low offer of 160.42. While in the Open Market, PKR was traded at 160.20/160.80 per USD.

On the other hand, PKR depreciated by 1 rupee against the GBP and closed at PKR 219.37 per GBP.

It is also said that PKR depreciated by 17 paisa against EUR and closed at PKR 194.75.

The source further added that within the money market, the overnight repo rate towards the close of the session was 7.10/7.20%, whereas the 1-week rate was 7.05/7.10%.

News Desk is the author at Research Snipers covering all Pakistan news including Business, Social, Entertainment, Economy, Pak News, World News, and More. News Desk is managed by a senior editor at Research Snipers.

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