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business
Friday Mar 19 2021
By
Web Desk

US dollar against Pakistani rupee on March 19

By
Web Desk
Dealers said the local unit rose to 154.95 against the dollar in early trades, but it didn’t sustain this level and come back to the 155 marks. Photo: File
  • The buying rate of the US dollar was Rs155.7, while it was sold at Rs156.5 on Friday.
  • Dealers say that 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.
  • Analysts said improving Roshan Digital Account inflows has led to an appreciation of 5.8% in the rupee since the start of this fiscal year.


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.

Read more: US dollar sold at Rs156.6 in Pakistan on March 17

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.

CurrencyBuyingSelling
Australian Dollar118.5
120.5
Canadian Dollar122.5
124.5
Euro183.5
185.5
Saudi Riyal41.25
41.75
Japanese Yen1.51
1.54
China Yuan24.2
24.35
UAE Dirham42.2
42.7
UK Pound Sterling215
217.5 
US Dollar155.7
156.5