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US greenback offered at Rs157 in Pakistan on March 17

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The shopping for charge of the US greenback was 156.7, whereas it was offered at 157.3 on Wednesday. STOCK IMAGE
  • 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.

Forex Shopping for Promoting
Australian Greenback 120 122
Canadian Greenback 124 126
Euro 185.5 187.5
Saudi Riyal 41.5 42.1
Japanese Yen 1.55 1.58
China Yuan 24.3 24.45
UAE Dirham 42.5 43
UK Pound Sterling 216 218.5
US Greenback 156.7 157.3

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