On Saturday, the buying rate of USD stood at PKR 160.6 per USD. This is after a slight dip compared to the previous day.
It is said that PKR depreciated further for the third consecutive session besides higher demand for the dollar for import payments.
According to a foreign exchange dealer said:
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,
The rupee may touch the 161 level against the dollar in the sessions ahead.
According to further details, foreign currency exchange rates of other major currencies were:
|UK Pound Sterling||219||222|
News Desk is the author at Research Snipers covering all Pakistan news including Business, Social, Entertainment, Economy, Pak News, World News, and More. News Desk is managed by a senior editor at Research Snipers.