- On Wednesday, the rupee remained firm against the US dollar in the interbank market.
- Dealers said the limited importers’ demand for the dollar and the ample supplies kept the rupee stable during the trade.
- The rupee is likely to stick in range-bound trading in the coming sessions, the dealers said.
KARACHI: The buying rate of the US dollar was Rs160, while its selling rate was Rs160.7 on Thursday, January 14 at the opening of Pakistan’s currency market.
On Wednesday, the rupee remained firm against the dollar in the interbank market, dealers said.
The local currency ended at 160.37 against the dollar, almost firmer than Tuesday’s closing of 160.35 because of the lack of import payments.
In the open market, the rupee closed at 160.40 versus the greenback, compared with 160.35 in the previous trading session.
Read More: Gold rates in Pakistan on January 14
Dealers said the limited importers’ demand for the dollar and the ample supplies kept the rupee stable during the trade.
The local unit was also supported by the stable outlook for the banking sector by the Moody’s Investors Service rating agency, they 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.
The information has been obtained from the Forex Association of Pakistan.
| Currency | Buying | Selling |
| Australian Dollar | 121 | 123 |
| Canadian Dollar | 123 | 125 |
| Euro | 192 | 194.5 |
| Japanese Yen | 1.55 | 1.58 |
| China Yuan | 24.85 | 25 |
| Saudi Riyal | 42 | 42.7 |
| UAE Dirham | 43.5 | 44 |
| UK Pound Sterling | 216 | 219 |
| US Dollar | 160 | 160.7 |