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business
Wednesday Feb 10 2021
By
Web Desk

Dollar being sold at Rs159.9 at closing of trading on Feb 10

By
Web Desk
A forex trader counting US dollar notes.

KARACHI: The buying rate of the US dollar was Rs159.1, while its selling rate was Rs159.9 at the closing of market on Wednesday, February 10.

During the previous day's intraday trading the rupee managed to post gains against the dollar on lower import payments and an improving economic outlook.

Currency traders said the rupee continued to appreciate versus the greenback due a slowdown in the demand of the dollar from importers.

“There is a lack of import payment pressure. It seems the government had already bought oil to meet its demand,” a foreign exchange trader said.

“The market didn’t react to the surge in the international oil prices,” he added. 

Read more: US dollar closes against rupee on Feb 9 at Rs159

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.

CurrencyBuyingSelling
Australian Dollar121123
Canadian Dollar123.5125.5
China Yuan24.925.05
Euro191193
Japanese Yen1.551.58
Saudi Riyal42.142.7
UAE Dirham43.143.6
UK Pound Sterling218221
US Dollar159.1159.9