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US greenback towards Pakistani rupee on March 19

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Sellers mentioned the native unit rose to 154.95 towards the greenback in early trades, however it didn’t maintain this stage and are available again to the 155 marks. Picture: File
  • The shopping for fee of the US greenback was Rs155.5, whereas it was bought at Rs155.8 on Friday.
  • Sellers say that the native unit rose to 154.95 towards the greenback in early trades on Thursday, however it didn’t maintain this stage and are available again to the 155 marks.
  • Analysts mentioned enhancing Roshan Digital Account inflows has led to an appreciation of 5.8% within the rupee because the begin of this fiscal 12 months.

KARACHI: The shopping for fee of the US greenback was Rs155.5, whereas it was bought at Rs155.8 on Friday, March 19 on the opening of Pakistan’s foreign money market.

Sellers mentioned the native unit rose to 154.95 towards the greenback in early trades on Thursday, however it didn’t maintain this stage and are available again to the 155 marks. The central financial institution’s intervention has prevented good points within the rupee, they mentioned.

“We expect the rupee to trade around the 155 per dollar level in the coming sessions,” a supplier mentioned.

Analysts mentioned enhancing Roshan Digital Account inflows, which reached $671 million to this point, manageable present account and weakening confidence within the US greenback, has led to an appreciation of 5.8% within the rupee because the begin of this fiscal 12 months.

Learn extra: US greenback bought at Rs156.6 in Pakistan on March 17

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 on Friday.

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

Foreign money Shopping for Promoting
Australian Greenback 119.5  121.5
Canadian Greenback 123 125
Euro 184 186
Saudi Riyal 41.5  42
Japanese Yen 1.55 1.58
China Yuan 24.85 25
UAE Dirham 41.95 42.35
UK Pound Sterling 215 217.5 
US Greenback 155.1 155.8

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