US greenback fee in Pakistan on January 28

• The shopping for fee of the US greenback was Rs160.4, whereas its promoting fee was Rs1601.1 on Thursday.
• On Wednesday, the rupee gained marginally in opposition to the greenback within the interbank market, sellers mentioned.
• Sellers mentioned the native unit traded weaker to as little as 160.65 in opposition to the greenback within the opening offers.

KARACHI: The shopping for fee of the US greenback was Rs160.4, whereas its promoting fee was Rs1601.1 on Thursday, January 28 on the opening of the foreign money market.

On Wednesday, the rupee gained marginally in opposition to the greenback within the interbank market, sellers mentioned.

Sellers mentioned the native unit traded weaker to as little as 160.65 in opposition to the greenback within the opening offers, however an enchancment within the provide of the {dollars} helped it submit slight features on the shut of the commerce.

Learn extra: US greenback offered at Rs161.1 on Jan 27

“We anticipate the local unit to remain range-bound, trading in the 160.45 and 160.75 range in the coming sessions,” the foreign money seller mentioned.

One other seller mentioned the rupee would strengthen additional if the greenback provides are greater than the demand out there. Nevertheless, growing demand for import funds might put stress on the rupee.

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 within the open market.

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