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Tuesday Jan 12 2021
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Currency update on Jan 12: US dollar weakens against rupee

The buying rate of the US dollar was Rs160, while its selling rate was Rs160.8 on Tuesday. STOCKIMAGE
  • The buying rate of the US dollar was Rs160.1, while its selling rate was Rs160.9 today
  • Earlier on Monday, the rupee ended slightly weaker against the dollar in the interbank currency market.


KARACHI: The buying rate of the US dollar was Rs160.1, while its selling rate was Rs160.9 on Tuesday, January 12 at the closing of Pakistan's currency market.

Earlier on Monday, the rupee ended slightly weaker against the dollar in the interbank currency market, dealers said.

It closed at 160.39 per dollar, compared with the previous close of 160.17. In the open market, the rupee ended at 160.40 versus the greenback. It had settled at 160.30 on Friday.

“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. Most dealers anticipate the local unit to stay range-bound in the coming sessions.

Read more: US dollar being sold at Rs160.2 on January 11

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.

CurrencyBuyingSelling
Australian Dollar121.5
123.5
Canadian Dollar123.5
125.5
Euro193
195.5
Saudi Riyal42.6
42.95
Japanese Yen1.55
1.58
China Yuan24.85 
25
UAE Dirham43.74
44.3
UK Pound Sterling215
218
US Dollar160.1
160.9