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US greenback bought at Rs160.1 on Jan 19

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The shopping for price of the US greenback was Rs160.1, whereas its promoting price was Rs160.8. Picture: AFP/File
  • The shopping for price of the US greenback was Rs160.1, whereas its promoting price was Rs160.8.
  • Earlier on Monday, the rupee ended 0.12% weaker as importers and corporations purchased {dollars} to settle their funds.
  • Sellers stated elevated demand for the dollar from the importers and the company sector put stress on the home foreign money.

KARACHI: The shopping for price of the US greenback was Rs160.1, whereas its promoting price was Rs160.8 on Tuesday, January 19.

Earlier on Monday, the rupee ended 0.12% weaker as importers and corporations purchased {dollars} to settle their funds, sellers stated.

Within the interbank market, the rupee closed at 160.52 in opposition to the greenback, in contrast with the earlier closing of 160.33. Within the open market, the rupee misplaced 20 paisas to complete at 160.60 in opposition to the dollar.

Sellers stated elevated demand for the dollar from the importers and the company sector put stress on the home foreign money. 

“There were payments in the market today, which usually happens on Monday. The US markets were closed, so payments were done on the TOM (one-day) forward market rate,” a foreign money vendor stated.

Learn extra: Foreign money replace: US greenback charges in opposition to rupee on January 17

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 echange within the open market.

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

Foreign money Shopping for Promoting
Australian Greenback 121.5  123.5
Canadian Greenback 124 126.5
Euro 194  196.5 
Saudi Riyal 42.5  43
Japanese Yen 1.55  1.58
China Yuan 24.85  25
UAE Dirham 43.6 44.1 
UK Pound Sterling 216.5 219.5
US Greenback 160.1  160.8

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