US dollar sold at Rs160.5 on February 4

• The buying rate of the US dollar was Rs159.8, while its selling rate was Rs160.5
  
• Dealers said the rupee ended a little weaker on importers’ dollar demand on Wednesday
  
• The currency market will remain closed on Friday on account of Kashmir Solidarity Day
  

KARACHI: The buying rate of the US dollar was Rs159.8, while its selling rate was Rs160.5 on Thursday, February 4 at the closing of the currency market.

On Wednesday, dealers said the rupee ended a little weaker on importers’ dollar demand.

“General importer demand was there maybe because of the long weekend,” a foreign exchange dealer said.

The currency market will remain closed on Friday [tomorrow] on account of Kashmir Solidarity Day.

Read more: US dollar sold at Rs161 in Pakistan on February 3

“There was a flat day today with low volume. The rupee traded in the tight band of 160.18 to 160.25,” he added.

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.