KARACHI: According to the latest forex rates updated, the US Dollar stayed at Rs. 279.80 for purchase and Rs. 281.30 for sale while remaining the top traded currency.
It shows market success as the Euro traded past the Rs. 290 level and settled at Rs. 292.75. At the time of selling the UK Pound Sterling achieved a trading rate of Rs. 347.
Local money from Saudi Arabia and the United Arab Emirates maintained stable values at Rs. 74.80 and Rs. 76.55 throughout market operations. Buyers had to pay Rs. 177.00 and Rs. 196.50 to obtain Australian and Canadian Dollars on the market exchange. Pakistani analysts believe global market movements and the country’s import payments and debt payments create stress on the Rupee value.
Currency market experts encourage companies to maintain strict control over their foreign currency dealings because the market continues to stay highly volatile.
