KARACHI: The shopping for fee of the US greenback was Rs158.8, whereas its promoting fee was Rs159.5 on Wednesday, February 24 within the open market.
Throughout final day’s buying and selling, the rupee ended stronger towards the greenback with the fiat gaining 30 paisas to finish at 159.10 towards the buck.
Sellers informed The Information that the native forex gained floor attributable to insignificant greenback demand from importers for funds and optimistic financial sentiment amongst merchants.
The development within the present account steadiness and better progress ranges within the staff’ remittances acknowledged by a worldwide ranking company lifted merchants’ sentiment.
“The decline in the current account deficit and rising remittances could bode well for the rupee and the foreign exchange reserves,” a forex vendor mentioned.
In the meantime, the next have 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 Foreign exchange Affiliation of Pakistan.
| Forex | Shopping for | Promoting |
| Australian Greenback | 124 | 126.5 |
| Canadian Greenback | 124.5 | 126.5 |
| China Yuan | 24.9 | 25.05 |
| Euro | 192 | 194 |
| Japanese Yen | 1.55 | 1.58 |
| Saudi Riyal | 42.1 | 42.6 |
| UAE Dirham | 43.1 | 43.6 |
| UK Pound Sterling | 220.5 | 223.5 |
| US Greenback | 158.8 | 159.5 |