Tuesday Feb 09, 2021
KARACHI: The buying rate of the US dollar was Rs159, while its selling rate was Rs159.8 on Tuesday, February 9.
At the opening day of the week, the rupee closed stronger against the greenback due to healthy inflows, while positive sentiment amid increase in exports helped prop up the local unit.
In the open market, the rupee had closed at 159.80/dollar on Monday, compared with the previous closing of 160.10 .
“Inflows from remittances, exports and debt securities outpaced importers’ demand today,” a foreign exchange dealer said.
“The rise in exports in January and reports of retaining $2 billion financial support from Saudi Arabia and the United Arab Emirates to Pakistan also helped the sentiment,” 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.
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