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US dollar rate against Pakistani rupee, Feb 22

The buying rate of the US dollar was Rs159, while its selling rate was Rs159.7 on Monday, February 22 in the open market

With increased inflows from the Pakistani diaspora to the Roshan Digital Account (RDA) and export proceeds, the Pakistani rupee is expected to remain firm this week

However, a declining trend in foreign exchange reserves might have a negative impact on the market sentiment.

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.

The information has been obtained from the Forex Association of Pakistan.

Currency                   Buying              Selling
Australian Dollar        122.5                125
Canadian Dollar         125                   127
Euro                         191                   193
Saudi Riyal                42.4                  43
Japanese Yen            1.55                  1.58
China Yuan               24.95                 25.1
UAE Dirham              43.5                   44
UK Pound Sterling     20.5                   223.5
US Dollar                 159                    159.7

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