- The buying rate of the US dollar was Rs160.6, while its selling rate was Rs161.3.
- On Friday, the rupee weakened further for the third consecutive session amid higher demand for the dollars for import payments.
- Dealers said the local unit traded slightly weaker, as importers’ demand offset inflows from remittances and export selling.
KARACHI: The buying rate of the US dollar was Rs160.6, while its selling rate was Rs161.3 on Saturday, January 23.
On Friday, the rupee weakened further for the third consecutive session amid higher demand for the dollars for import payments, dealers said.
Dealers said the local unit traded slightly weaker, as importers’ demand offset inflows from remittances and export selling.
Read More: Gold rates in Pakistan on January 23
“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,” a foreign exchange dealer said.
“The rupee may touch 161 level against the dollar in the sessions ahead.
Meanwhile, the following were the rates of the US Dollar, Saudi Riyal, UK Pound, the UAE’s Dirham, and other foreign currencies in the open market.
The information has been obtained from the Forex Association of Pakistan.
| Currency | Buying | Selling |
| Canadian Dollar | 124.5 | 127 |
| Australian Dollar | 122.5 | 124.5 |
| Euro | 193.5 | 195.5 |
| Japanese Yen | 1.55 | 1.58 |
| China Yuan | 24.9 | 25.05 |
| Saudi Riyal | 42.6 | 43.1 |
| UAE Dirham | 43.7 | 44.2 |
| UK Pound Sterling | 219 | 222 |
| US Dollar | 160.6 | 161.3 |