May 28, 2024


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Forex update on January 18

The buying price of the US dollar was Rs160, while its marketing fee was Rs160.7 on Monday. Photograph: Inventory Impression
  • The buying amount of the US dollar was Rs160.1, whilst its advertising charge was Rs160.8 on Monday.
  • Pakistani rupee will most likely keep on being stable or marginally weaken from the US dollar this week.
  • A international exchange trader stated the local unit is envisioned to observe a selection-certain buying and selling pattern this week.

KARACHI: The acquiring rate of the US dollar was Rs160, though its selling fee was Rs160.7 on Monday, January 18 at the opening of Pakistan’s currency market place.

Pakistani rupee will very likely remain stable or marginally weaken against the US dollar this week as demand for the tricky currency from importers improves.

A overseas trade trader mentioned the regional device is expected to follow a variety-sure investing sample for this week. “However, any uptick in the US greenback demand for import payment, particularly oil, could hamper the rupee’s stability.”

A further trader said the regional device might trade on the backfoot to the greenback in the coming sessions if an envisioned need for the bucks emerges in the sector and provides diminish. “The up coming range should be concerning Rs160.25 and Rs160.75,” he included.

Meanwhile, the following are the fees of the US Greenback, Saudi Riyal, United kingdom Pound, the UAE’s Dirham, and other international currencies in the open up current market nowadays.

Study more: Financial outlook: Rupee to stay stable from US greenback in 7 days starting off Jan 18

The details has been attained from the Currency trading Association of Pakistan.

Forex Obtaining Providing
Australian Greenback 121.5 123.5
Canadian Dollar 124  126.5
Euro 194  196.5
Japanese Yen 1.55  1.58 
China Yuan 24.85  25
Saudi Riyal 42.5  43
UAE Dirham 43.6 44.1 
United kingdom Pound Sterling 216.5  219.5 
US Greenback 160.1 160.8