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business
Monday Jan 11 2021
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US dollar strengthens

The buying rate of the US dollar was Rs159.5, while its selling rate was Rs160.2 on Monday. Photo: STOCKIMAGE

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.

Read more: USD to PKR and other currency rates in Pakistan on January 10

The information has been obtained from the Forex Association of Pakistan.

CurrencyBuyingSelling
Australian Dollar121.5
123.5
Canadian Dollar124.5
126.5
Euro193.5
196
Saudi Riyal42.4
43.1
Japanese Yen1.55
1.58
China Yuan24.75
24.9
UAE Dirham43.5
44.1
UK Pound Sterling214.7
217.5
US Dollar160
160.40