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US greenback bought at Rs160.8 in Pakistan on January 29

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The shopping for charge of the US greenback was Rs160, whereas its promoting charge was Rs160.8 on Friday, January 29. Picture: STOCK IMAGE
  • The shopping for charge of the US greenback was Rs160, whereas its promoting charge was Rs160.8 on Friday.
  • On Thursday, the rupee strengthened towards the greenback led by inflows within the type of export proceeds and remittances.
  • Sellers mentioned the native unit is predicted to understand additional within the coming days.

KARACHI: The shopping for charge of the US greenback was Rs160, whereas its promoting charge was Rs160.8 on Friday, January 29 on the opening of the foreign money market.

On Thursday, the rupee strengthened towards the greenback led by inflows within the type of export proceeds and remittances, and sellers mentioned the native unit is predicted to understand additional within the coming days.

Learn extra: US greenback charge in Pakistan on January 28

Sellers mentioned the home foreign money sustained positive aspects, because the demand for the dollar waned barely, lending help to the rupee.

“There were very limited import payments. Increased inflows from exports and workers’ remittances helped the rupee strengthen,” a overseas change supplier mentioned.

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.

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

Foreign money Shopping for Promoting
Australian Greenback 122  124.5
Canadian Greenback 124 126
Euro 193  195
Saudi Riyal 42.3 42.9
Japanese Yen 1.55  1.58
China Yuan 24.95  25.1 
UAE Dirham 43.4  44
UK Pound Sterling 217.5 220.5
US Greenback 160 160.8

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