PKR ended the final session of this week by losing most of the gains it had made during the previous four sessions. It ended at 104.44/45 compared to 104.40/42 from the previous session. The Rupee had opened trading stronger at 104.38/42 before gradually losing stream as the session progressed. The Forward premiums also saw mild increases.
The Money Market ON Rate ended at 6.10/6.25 after an SBP Injection of 1,341.55 Bn in a 7 day Reverse Repo. Overnight Index Average Rate was 5.96/6.46 compared to yesterday's 5.84/6.34, while 6M KIBOR was up 1 basis point at 6.37/6.62 compared to 6.36/6.61 from the previous 3 sessions.
Posted on: 2015-10-09T16:00:00+05:00
