KARACHI: The US dollar’s buying rate was Rs160.1, while its selling rate was Rs160.9 at the opening of Pakistan’s currency market on Wednesday, January 13.
Earlier on Tuesday, because of regular dollar demand from importers, the rupee edged higher against the dollar, dealers said.
In the interbank market, compared to the previous closure of 160.39, the rupee closed at 160.37 against the dollar.
Dealers said, in the absence of lower import payments, the rupee remained unchanged.
“The rupee traded in a narrow range, amid the dollar demand of insignificant importers and the trading activity remained dull,” said a foreign exchange dealer.
In the coming sessions, dealers said, the rupee is expected to hover in the band of 160 and 160.50 versus the greenback. For the rupee, there are some positive triggers, they added.
Meanwhile, the prices of the US Dollar, Saudi Riyal, UK Pound, Dirham of the UAE, and other foreign currencies in today’s open market are as follows.
The details were obtained from the Pakistan Forex Association.
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