US dollar sold at Rs160.5 on January 8

KARACHI: The buying rate of the US dollar was Rs159.7, while its selling rate was Rs160.5 on Friday, January 8 at the closing of Pakistan’s currency market.
On Thursday, the rupee managed to extend further gains against the dollar in both the currency markets, dealers said.
The rupee appreciated 0.17% to close at 160.02 versus the greenback, compared with the previous close of 160.29.
In the open market, the rupee rose 15 paisas to end at 160.25 against the dollar.
Dealers said the currency continued to appreciate aided by insignificant dollar demand from importers settling payments and ample supplies in the market.
Dollar supply was higher than [the] demand today and with [the] slowing appetite for the greenback, the rupee should see more slight gains in the coming session,” a foreign exchange dealer said.

Read more: Closing rates of US dollar against rupee on January 6

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.

Currency Buying Selling
Australian Dollar 122 124
Canadian Dollar 124 126
Euro 194 196.5
Saudi Riyal 42.25 42.9
Japanese Yen 1.55 1.58
China Yuan 24.5 24.65
UAE Dirham 43.4 44
UK Pound Sterling 215 218
US Dollar 159.7  160.5

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