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US greenback bought at Rs160.1 in Pakistan on February 3

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Sellers hoped that the rupee was anticipated to remain range-bound within the coming day. Picture: STOCK IMAGE
  • The shopping for price of the US greenback was Rs160.1, whereas its promoting price was Rs160.9 on Wednesday.
  • Sellers stated that the rupee was anticipated to remain range-bound within the coming days.
  • They stated that inflows had been additionally fairly good out there, which helped the rupee to stay secure.

KARACHI: The shopping for price of the US greenback was Rs160.1, whereas its promoting price was Rs160.9 on Wednesday, February 3 on the opening of the forex market.

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

A day earlier, sellers stated that the home forex gained floor within the absence of import funds. Most funds had been lined within the earlier session.

Learn extra: US greenback price in Pakistan on February 2

“Inflows were also pretty good in the market, which helped the rupee to remain stable,” the seller added. 

Sellers stated the rupee was anticipated to remain range-bound within the coming days, as wholesome greenback inflows from greater remittances from Pakistanis staff overseas and export proceeds had been more likely to forestall any sharp depreciation within the native unit’s worth.

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

Forex Shopping for Promoting
Australian Greenback 121.5  123.5
Canadian Greenback 122 124 
Euro 192 194 
Saudi Riyal 42.1 42.7
Japanese Yen 1.55  1.58 
China Yuan 24.9 25.05 
UAE Dirham 43.4 44 
UK Pound Sterling 219  222 
US Greenback 160.1  160.9 

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