KARACHI: The shopping for charge of the US greenback was Rs158.6, whereas its promoting charge was Rs159.3 on Saturday, February 12.
In the course of the Friday’s buying and selling, the rupee continued to increase its good points to beneath 159 in opposition to the greenback, aided by decrease demand and buck promoting by exporters, sellers mentioned.
Sellers mentioned the native unit breached the assist degree of 159 and traded at 158-mark because of the oversupply of the buck available in the market.
“The inflows were higher than the demand, amid higher remittances and increased inflows coming into the Roshan Digital Account,” a foreign money supplier mentioned.
Sellers anticipate the rupee to maneuver within the band of 158.50 and 159 to the greenback within the coming periods.
Learn extra: US greenback charge in opposition to Pakistani rupee on February 11
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 within the open market.
The data has been obtained from the Foreign exchange Affiliation of Pakistan.
|Foreign money||Shopping for||Promoting|
|UK Pound Sterling||217.5||220|