- The shopping for price of the US greenback was Rs159.7, whereas its promoting price was Rs160.5
- The rupee depreciated a day earlier to shut at 160.30 in opposition to USD
- Merchants anticipate rupee to stay between Rs160-160.25 in coming week
KARACHI: The shopping for price of the US greenback was Rs159.7, whereas its promoting price was Rs160.5 on Saturday, January 9.
On Friday, the rupee the rupee misplaced floor to finish at 160.30 in opposition to the greenback. It had completed at 160.21 within the earlier session.
Sellers stated the native forex once more got here beneath strain attributable to an uptick within the demand from importers.
“The rupee gave up gains it made during the last two sessions on the back of dollar buying from importers,” a forex vendor advised The Information.
“As no major import payments are scheduled next week, we expect the rupee to remain range-bound, trading in the band of 160 and 160.25 per dollar.”
Learn extra: Closing charges of US greenback in opposition to rupee on January 8
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.
| Forex | Shopping for | Promoting |
| Australian Greenback | 122 | 124 |
| Canadian Greenback | 124 | 126 |
| China Yuan | 24.5 | 24.65 |
| Euro | 194 | 196.5 |
| Japanese Yen | 1.55 | 1.58 |
| Saudi Riyal | 42.25 | 42.9 |
| UAE Dirham | 43.4 | 44 |
| UK Pound Sterling | 215 | 218 |
| US Greenback | 159.7 | 160.5 |