PKR trades 51 paisa lower against USD
KARACHI: Pakistani rupee (PKR) depreciated by 51 paisa against US Dollar (USD) in Monday's interbank session as the currency closed the day's trade at PKR 166.72 per USD, against last session's closing of PKR 166.21 per USD.
The rupee saw a volatility free session as very little movement was recorded trading in a range of 50 paisa per USD showing an intraday high bid of 166.50 and an intraday Low offer of 166.15. Within the Open Market, PKR was traded at 165.70/167.0 per USD.
Meanwhile, the currency lost 1.2 rupees to the Pound Sterling as the day's closing quote stood at PKR 208.19 per GBP, while the previous session closed at PKR 207 per GBP.
Similarly, PKR's value weakened by 1.5 rupees against EUR which closed at PKR 188.16 at the interbank Monday.
On another note, within the money market, the overnight repo rate towards close of the session was 7.50/7.90 percent, whereas the 1 week rate was 7.05/7.10 percent. - MLN