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US greenback offered at Rs160.8 on January 8

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On Thursday, the rupee managed to increase additional positive aspects towards the greenback in each the forex markets. Picture: STOCK IMAGE
  • The shopping for charge of the US greenback was Rs160.1, whereas its promoting charge was Rs160.8.
  • The rupee appreciated 0.17% to shut at 160.02 versus the dollar a day prior.
  • Merchants anticipate the rupee to proceed to be supported within the coming week.

KARACHI: The shopping for charge of the US greenback was Rs160.1, whereas its promoting charge was Rs160.8 on Friday, January 8 on the opening of Pakistan’s forex market.

On Thursday, the rupee managed to increase additional positive aspects towards the greenback in each the forex markets, sellers stated.

The rupee appreciated 0.17% to shut at 160.02 versus the dollar, in contrast with the earlier shut of 160.29.

Within the open market, the rupee rose 15 paisas to finish at 160.25 towards the greenback.

Sellers stated the forex continued to understand aided by insignificant greenback demand from importers settling funds and ample provides available in the market.

“Dollar supply was higher than [the] demand today and with [the] slowing appetite for the greenback, the rupee should see more slight gains in the coming session,” a international trade supplier stated.

Learn extra: Closing charges of US greenback towards rupee on January 7

In the meantime, the next had been the charges of the US Greenback, Saudi Riyal, UK Pound, the UAE’s Dirham, and different foreign currency within the open market.

Foreign money Shopping for Promoting
Australian Greenback 122.5  124.5
Canadian Greenback 124.5  127
Euro 195.5  198 
Saudi Riyal 42.4  43.1 
Japanese Yen 1.55 1.58
China Yuan  24.5  24.65
UAE Dirham 43.5 44.2 
UK Pound Sterling 215.5 218.5
US Greenback 160.1  160.8

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