KARACHI: The selling rate of the US dollar was Rs160.40 on Monday, January 11 at the close of Pakistan’s currency market.
“The rupee fell in its value against the dollar due to increased demand for the greenback for import payments. The demand usually goes up when the market opens after the weekend,” a foreign exchange dealer said.
“Trading range for the week is expected to be 160 to 160.50 per dollar,” he added.
Meanwhile, the following are the rates of the US Dollar, Saudi Riyal, UK Pound, the UAE’s Dirham, and other foreign currencies in the open market today.
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The information has been obtained from the Forex Association of Pakistan.
| Currency | Buying | Selling |
| Australian Dollar | 121.5 | 123.5 |
| Canadian Dollar | 124.5 | 126.5 |
| Euro | 193.5 | 196 |
| Saudi Riyal | 42.4 | 43.1 |
| Japanese Yen | 1.55 | 1.58 |
| China Yuan | 24.75 | 24.9 |
| UAE Dirham | 43.5 | 44.1 |
| UK Pound Sterling | 214.7 | 217.5 |
| US Dollar | 160 | 160.40 |