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Wednesday, April 14, 2021

US greenback fee towards Pakistani rupee on Feb 24

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The shopping for fee of the US greenback was Rs158.8, whereas its promoting fee was Rs159.5 on Wednesday. STOCK IMAGE

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

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