Friday Mar 19, 2021
KARACHI: The buying rate of the US dollar was Rs155.5, while it was sold at Rs155.8 on Friday, March 19 at the opening of Pakistan's currency market.
Dealers said the local unit rose to 154.95 against the dollar in early trades on Thursday, but it didn’t sustain this level and come back to the 155 marks. The central bank’s intervention has prevented gains in the rupee, they said.
“We expect the rupee to trade around the 155 per dollar level in the coming sessions,” a dealer said.
Analysts said improving Roshan Digital Account inflows, which reached $671 million so far, manageable current account and weakening confidence in the US dollar, has led to an appreciation of 5.8% in the rupee since the start of this fiscal year.
Meanwhile, following were the rates of the US dollar, Saudi Riyal, UK Pound, the UAE's Dirham, and other foreign currencies in the open market on Friday.
The information has been obtained from the Forex Association of Pakistan.
|UK Pound Sterling||215||217.5 |