- On Wednesday, the rupee remained agency towards the US greenback within the interbank market.
- Sellers mentioned the restricted importers’ demand for the greenback and the ample provides stored the rupee steady in the course of the commerce.
- The rupee is more likely to stick in range-bound buying and selling within the coming periods, the sellers mentioned.
KARACHI: The shopping for charge of the US greenback was Rs160, whereas its promoting charge was Rs160.7 on Thursday, January 14 on the opening of Pakistan’s forex market.
On Wednesday, the rupee remained agency towards the greenback within the interbank market, sellers mentioned.
The native forex ended at 160.37 towards the greenback, nearly firmer than Tuesday’s closing of 160.35 due to the shortage of import funds.
Within the open market, the rupee closed at 160.40 versus the dollar, in contrast with 160.35 within the earlier buying and selling session.
Learn extra: US greenback offered at Rs160.7 on January 13
Sellers mentioned the restricted importers’ demand for the greenback and the ample provides stored the rupee steady in the course of the commerce.
The native unit was additionally supported by the steady outlook for the banking sector by the Moody’s Buyers Service score company, they added.
In the meantime, the next are the charges of the US Greenback, Saudi Riyal, UK Pound, the UAE’s Dirham, and different foreign currency within the open market in the present day.
The knowledge has been obtained from the Foreign exchange Affiliation of Pakistan.
|Foreign money||Shopping for||Promoting|
|UK Pound Sterling||216||219|