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US greenback bought at Rs160.1 on January 13

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The shopping for charge of the US greenback was Rs160.1, whereas its promoting charge was Rs160.9 on Wednesday. STOCK IMAGE
  • On Tuesday the rupee edged increased in opposition to the greenback as a result of routine greenback demand from importers.
  • Sellers mentioned the rupee remained flat within the absence of decrease import funds.
  • The rupee is predicted to hover within the band of 160 and 160.50 versus the dollar within the coming periods.

KARACHI: The shopping for charge of the US greenback was Rs160.1, whereas its promoting charge was Rs160.9 on Wednesday, January 13 on the opening of Pakistan’s forex market.

Earlier on Tuesday, the rupee edged increased in opposition to the greenback as a result of routine greenback demand from importers, sellers mentioned.

Within the interbank market, the rupee closed at 160.37 in opposition to the greenback, in contrast with the earlier closing of 160.39.

Sellers mentioned the rupee remained flat within the absence of decrease import funds.

“The rupee traded in a narrow range, amid insignificant importers’ dollar demand and the trading activity remained dull,” a overseas alternate seller mentioned.

The rupee is predicted to hover within the band of 160 and 160.50 versus the dollar within the coming periods, sellers mentioned. There are some optimistic triggers for the rupee, they added.

Learn extra: Pakistani rupee more likely to keep steady in opposition to US greenback in week beginning January 11

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

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

Forex Shopping for Promoting
Australian Greenback 121.5 123.5 
Canadian Greenback 123.5  125.5 
Euro 193  195.5 
Saudi Riyal 42.6 42.95 
Japanese Yen 1.55  1.58
China Yuan 24.85  25
UAE Dirham 43.74 44.3
UK Pound Sterling 215 218 
US Greenback 160.1 160.9 

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