US dollar rate against Pakistani rupee on February 11

KARACHI: The buying rate of the US dollar was Rs159.2, while its selling rate was Rs160 at the opening of the market on Thursday, February 11.

The rupee has continued to gain against the dollar since the last three days so far due to reduced dollar demand from importers, dealers said.

On Wednesday, in the open market, the rupee lost five paisas against the greenback to close at 159.45. It had finished at 159.40 on Tuesday's session.

Currency dealers said the local unit stayed stable in dull trade.

“The market saw a dull day and not much happened. There was limited demand for the greenback for import payments,” a dealer said.

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

“The rupee traded in narrow ranges of 159.28 and 159.40 during the session.”

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.