Pakistan: United States Dollar Sold At Rs161 On Jan 20

United States Dollar
Image Source: Pexels

The US dollar buys rate was 161 rupees and the sell rate was 160.3 rupees on Wednesday. This week we will follow the rangebound trading pattern.

Dealers said that the rupee expanded losses to the dollar for the second time in a row. It was down to $953 million.

At the opening of the Pakistani currency market on Thursday, January 20, the US dollar’s buy rate was Rs160.1 and the sell rate was Rs160.8.

The Pakistani rupee is likely to remain stable or weaken slightly against the US dollar this week as demand for the hard currency from importers increases.

Read: US: Ivanka Becomes Emotional on Leaving The White House.

Dealers have said they expect the rupee to weaken slightly in coming sessions due to ongoing demand pressure.

Australian Dollar122.5124.5 
Canadian Dollar125.5128
Euro193.5 196
US Dollar160.3161
Japanese Yen1.55 1.58 

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Muhammad Bilal

Bilal Asghar is the founder and CEO of Subrays Inc.

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