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US greenback fee in Pakistan on February 2

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The shopping for fee of the US greenback was Rs160, whereas its promoting fee was Rs160.8 on Tuesday. Picture: STOCKIMAGE/File
  • The shopping for fee of the US greenback was Rs160, whereas its promoting fee was Rs160.8 on Tuesday.
  • On Monday, the sellers mentioned that the rupee fell versus the dollar within the interbank market attributable to elevated demand for the {dollars}.
  • Though the rupee appears steady, any spike in worldwide oil costs will make import funds larger, driving down the native unit.

KARACHI: The shopping for fee of the US greenback was Rs160, whereas its promoting fee was Rs160.8 on Tuesday, February 2 on the opening of the foreign money market.

On Monday, the sellers mentioned that the rupee fell versus the dollar within the interbank market attributable to elevated demand for the {dollars} for imports and debt repayments.

“In addition to the import payments, there were debt repayments of around $18 million to the International Monetary Fund’s Extended Fund Facility, which pulled the rupee lower,” a international alternate seller mentioned.

Learn extra: US greenback offered at Rs160.8 in Pakistan on February 1

“Though the rupee seems stable, any spike in international oil prices will make import payments higher, driving down the local unit,” mentioned one other seller. 

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.

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

Foreign money Shopping for Promoting
UK Pound Sterling 218  221
Canadian Greenback 122 124.5
Australian Greenback 122 124.5 
Euro 193  195 
China Yuan 24.9 25.05
Japanese Yen 1.55  1.58 
Saudi Riyal 41.9 42.5
UAE Dirham 43.2 43.8
US Greenback 160 160.8

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