Currency rate: US dollar rates in Pakistan on March 12

Currency rate: US dollar rates in Pakistan on March 12

KARACHI: The shopping for rate of the North American country dollar was Rs157.1, whereas it had been oversubscribed at Rs157.8 on Fri, March twelve at the gap of Pakistan’s currency market.

Dealers aforesaid the rupee remained stable because of matching demand and provide of greenbacks within the market.

“Today, the importers’ demand was there, however inflows were spare to satisfy that demand,” a currency dealer aforesaid.

“Market players were involved regarding the declining trend within the native equity market, the expectation of skyrocketing inflation, rising bond yields and current political heat within the country.”

The concern of a coronavirus happening is additionally touching the traders’ sentiment, dealers aforesaid.

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