US dollar sold at Rs160.8 in Pakistan on February 1

• The buying rate of the US dollar was Rs159.8 , while its selling rate was Rs160.8 on Monday.
  
• The rupee is expected to remain range-bound against the US dollar this week.
  
• It will be supported by subdued demand for hard currency.

KARACHI: The buying rate of the US dollar was Rs159.8 , while its selling rate was Rs160.8 on Monday, February 1 at the closing of the currency market.

Moreover, with an improvement in inflows lending support to the local unit, the rupee is expected to remain range-bound against the US dollar this week supported by subdued demand for hard currency.

Read more: Currency update: Pakistani rupee likely to remain range-bound next week against US dollar

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.