- The shopping for price of the US greenback was Rs158.40, whereas its promoting price was Rs158.6 on Friday.
- We anticipate the rupee may acquire extra in [the] days forward, a foreign money sellers stated.
- Sellers additionally stated that some constructive developments on the financial entrance offered help to the native unit.
KARACHI: The shopping for price of the US greenback was Rs158.5, whereas its promoting price was Rs159.2 on Friday, February 26 within the open market.
“There were no major payments today. Positive sentiment prevailed due to increased inflows from expatriate Pakistanis in Roshan Digital Account (RDA) Scheme. Besides, some positive developments on the economic front provided support to the local unit,” a vendor at a serious business financial institution informed The Information.
Learn extra: US greenback bought at Rs159.2 on February 25
“We expect the rupee could gain more in [the] days ahead. We think the rupee will test the 158 per dollar level soon,” he added.
Within the 5 months since RDA was launched, greater than 92,000 accounts have been opened by abroad Pakistanis residing in 97 international locations.
|Foreign money||Shopping for||Promoting|
|UK Pound Sterling||222.50||224.00|