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US greenback charges in opposition to Pakistani rupee on March 2

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The shopping for charge of the US greenback was Rs158, whereas its promoting charge was Rs158.6 on Tuesday. STOCK IMAGE
  • The shopping for charge of the US greenback was Rs158, whereas its promoting charge was Rs158.6.
  • The demand for the laborious forex remained subdued on Monday as a consequence of fewer import funds, say the sellers.
  • Sellers additionally opine that the subsequent vary for the rupee may very well be 157.40 to 157.90.

KARACHI: The shopping for charge of the US greenback was Rs158, whereas its promoting charge was Rs158.6 on Tuesday, March 2 on the opening of the forex market.

“The demand for the hard currency remained subdued due to fewer import payments. Strong inflows from remittances and Roshan Digital Account have increased the dollar supplies in the market,” a forex supplier at a industrial financial institution mentioned on Monday.

“We expect the rupee to easily trade below 158 levels per dollar in the coming sessions. The next range for the rupee could be 157.40 to 157.90.” 

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.

Learn extra: US greenback traded at Rs158.6 on March 1

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

Foreign money Shopping for Promoting
Australian Greenback 122.5 124.5
Canadian Greenback 122.5 124.5
Euro 190 192
Saudi Riyal 41.5 41
Japanese Yen 1.55 1.58
China Yuan 24.9 25.05
UAE Dirham 42.5 43
UK Pound Sterling 219.5 222.5
US Greenback 158 158.6

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