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US greenback charges in Pakistan on March 16

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The shopping for charge of the US greenback was 157, whereas it was bought at 157.6 on Tuesday. Photograph: Inventory Picture
  • The shopping for charge of the US greenback was 157, whereas it was bought at 157.6 on Tuesday.
  • Sellers say the native unit managed to register nominal good points on account of skinny greenback demand from importers and corporates for funds.
  • Exporters began ahead promoting of the {dollars}, which helped the rupee achieve grounds, say one of many sellers.

KARACHI: The shopping for charge of the US greenback was 157, whereas it was bought at 157.6 on Tuesday, March 16 on the opening of Pakistan’s foreign money market.

Sellers stated the native unit managed to register nominal good points on account of skinny greenback demand from importers and corporates for funds.

 Furthermore, enchancment within the greenback liquidity additionally supported the rupee. “There were routine payments. Exporters started forward selling of the dollars, which helped the rupee gain grounds,” a international trade supplier stated.

Learn extra: US greenback bought in Pakistan for Rs157.6 on March 15

“Sentiment was boosted by the reports that the United Arab Emirates may rollover the $1 billion loan for another one year and Pakistan was among top ten apparel exporting countries to the United States in January,” he added.

In the meantime, following had been the charges of the US greenback, Saudi Riyal, UK Pound, the UAE’s Dirham, and different foreign currency within the open market.

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

Foreign money Shopping for Promoting
Australian Greenback 119.5 120.5
Canadian Greenback 124 126
Euro 24.25 24.3
Saudi Riyal 41.6 42.2 
Japanese Yen 1.55 1.58
China Yuan 24.25 24.3
UAE Dirham 42.6 43.1 
UK Pound Sterling 217  219.5 
US Greenback 157  157 

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