- The shopping for charge of the US greenback was 156.7, whereas it was offered at 157.3 on Wednesday.
- Within the interbank market, the rupee registered its strongest degree since March 9, 2020 on Tuesday.
- The native unit appreciated 7% in opposition to the buck since its low of 168.43 in August.
KARACHI: The shopping for charge of the US greenback was 156.7, whereas it was offered at 157.3 on Wednesday, March 17 on the opening of Pakistan’s forex market.
Within the interbank market, the rupee had registered its strongest degree since March 9, 2020, a day prior.
“The demand for hard currency for import payments was subdued. However, the inflows stayed robust, which helped prop up the rupee,” a international alternate supplier instructed The Information on Tuesday.
The native unit appreciated 7% in opposition to the buck since its low of 168.43 in August.
Remittances despatched dwelling from abroad Pakistani staff climbed 24% to $18.7 billion in July-February FY21.
The Roshan Digital Account scheme has crossed 100,000 accounts until March 11. They’ve been opened from over 100 international locations around the globe. Deposits have reached $671 million.
Learn extra: US greenback charges in Pakistan on March 16
In the meantime, following had been the charges of the US greenback, Saudi Riyal, UK Pound, the UAE’s Dirham, and different foreign currency echange within the open market.
The knowledge has been obtained from the Foreign exchange Affiliation of Pakistan.
|UK Pound Sterling||216||218.5|