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Foreign money replace: US greenback bought at Rs161.3 on January 26

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The shopping for price of the US greenback was Rs160.6, whereas its promoting price was Rs161.3 on Tuesday. Photograph: STOCK IMAGE
  • The shopping for price of the US greenback was Rs160.6, whereas its promoting price was Rs161.3 on Tuesday.
  • On Monday, the rupee ended marginally weaker in opposition to the greenback within the interbank market attributable to importers’ greenback demand for funds.
  • Sellers anticipated the native unit would lose extra worth in opposition to the dollar within the coming classes.

KARACHI: The shopping for price of the US greenback was Rs160.6, whereas its promoting price was Rs161.3 on Tuesday, January 26 on the opening of the forex market.

On Monday, the rupee ended marginally weaker in opposition to the greenback within the interbank market attributable to importers’ greenback demand for funds.

“The rupee remained under pressure in the last week, owing to the sustained high dollar demand in the market,” the forex vendor mentioned. “We saw importers buying dollars to settle their payments,” the vendor added.

Sellers anticipated the native unit would lose extra worth in opposition to the dollar within the coming classes, as fee obligations construct up strain on the alternate price. “The rupee may trade in the band of 160.90 to 161.30 this week if inflows are not enough to meet the market demand,” one other vendor mentioned.

Learn extra: January 2021: Pakistani rupee more likely to weaken in opposition to US greenback coming week

In the meantime, the next have been the charges of the US Greenback, Saudi Riyal, UK Pound, the UAE’s Dirham, and different foreign currency within the open market.

The data has been obtained from the Foreign exchange Affiliation of Pakistan.

Foreign money Shopping for Promoting
Australian Greenback 124.5  126.5 
Canadian Greenback 125 128 
Euro 194.5  196.5 
Saudi Riyal 42.6  43.1 
Japanese Yen 1.55 1.58
China Yuan 24.9 25.05 
UAE Dirham 43.7  44.2 
UK Pound Sterling 219  222
US Greenback 160.6 161.3 

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