Buying Rate of USD Reached PKR 160.6/USD on Saturday

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.

PKR

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:

CurrencyBuyingSelling
Canadian Dollar124.5127 
Australian Dollar122.5124.5
Euro193.5 195.5 
Japanese Yen1.551.58
China Yuan24.9 25.05
Saudi Riyal42.6 43.1
UAE Dirham43.744.2
UK Pound Sterling219222 
US Dollar160.6 161.3
Forex Association of Pakistan

Leave a Reply

Your email address will not be published. Required fields are marked *