KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on January 28, 2022:
Buying: Rs 177.30 to the US Dollar
Selling: Rs 178.70 to the US Dollar
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 12:14 PM Pakistan Standard Time (PST).
The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
Currency market experts said the rupee remained relatively stable against the US dollar amid balanced demand and supply conditions in the open market. They noted that remittance inflows, import payments and global commodity prices continue to influence exchange rate movements in Pakistan. Investors and traders closely monitor dollar parity as fluctuations directly affect inflation, trade costs and foreign currency reserves.
