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US greenback offered at Rs161.3 on January 23

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The shopping for charge of the US greenback was Rs160.6, whereas its promoting charge was Rs161.3 on Saturday. Photograph: STOCK IMAGE
  • The shopping for charge of the US greenback was Rs160.6, whereas its promoting charge was Rs161.3.
  • On Friday, the rupee weakened additional for the third consecutive session amid larger demand for the {dollars} for import funds.
  • Sellers mentioned the native unit traded barely weaker, as importers’ demand offset inflows from remittances and export promoting.

KARACHI: The shopping for charge of the US greenback was Rs160.6, whereas its promoting charge was Rs161.3 on Saturday, January 23.

On Friday, the rupee weakened additional for the third consecutive session amid larger demand for the {dollars} for import funds, sellers mentioned.

Sellers mentioned the native unit traded barely weaker, as importers’ demand offset inflows from remittances and export promoting. 

“We expect the rupee to face a downside pressure in the coming week on the back of increased greenback demand for the import payments, especially oil and LNG,” a international change seller mentioned. 

Learn extra: US greenback being offered in Pakistan at Rs161.3 on January 22

“The rupee might contact 161 stage in opposition to the greenback within the classes forward.

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

The knowledge has been obtained from the Foreign exchange Affiliation of Pakistan.

Foreign money Shopping for Promoting
Canadian Greenback 124.5 127 
Australian Greenback 122.5 124.5
Euro 193.5  195.5 
Japanese Yen 1.55 1.58
China Yuan 24.9  25.05
Saudi Riyal 42.6  43.1
UAE Dirham 43.7 44.2
UK Pound Sterling 219 222 
US Greenback 160.6  161.3

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