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US greenback being offered at Rs159.7 on January 4

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KARACHI: The shopping for charge of the US greenback was Rs159.7 whereas its promoting charge was Rs160.5 on Monday, January 4  on the opening of Pakistan’s foreign money market.

Learn extra: USD to PKR and different foreign money charges in Pakistan on January 2

The rupee is anticipated to strengthen marginally or stay steady towards the greenback in the course of the present week, The Information reported, quoting merchants on Sunday.

In line with the merchants, the rupee can be supported by the sluggish demand for the dollar from importers and optimistic sentiments as a consequence of robust development in exports.

“The local unit could hover around the same level during the first week of 2021, or appreciate slightly, owing to the lower import payments. The exports and remittances are good, so the sentiment is for a strong rupee,” a overseas trade dealer stated.

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

Foreign money Shopping for Promoting
Australian Greenback 120.5 122.5
Canadian Greenback 123 125.5 
Euro 193 195.5
Japanese Yen 1.55 1.58
China Yuan 24.5 24.65
Saudi Riyal 42.5 43.1
UAE Dirham 43.5 44.2
UK Pound Sterling 216 219 
US Greenback 159.7 160.5

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