Tuesday Feb 16, 2021
KARACHI: The buying rate of the US dollar was Rs159.2, while its selling rate was Rs160 on Tuesday, February 16.
During Monday's trading session the rupee fell, snapping a five-session winning streak, as a sudden increase in importers’ dollar demand weighed down the domestic currency, dealers said.
In the open market, the rupee closed lower at 159.50 against the dollar, compared with 159.20 in the previous session.
Dealers said the local currency gave up gains, coming to 159 levels again, amid increased demand for the greenback for import payments.
“There is a reversal in the rupee’s direction. We saw importers come to the market to buy dollars to settle their payments,” a currency dealer said.
Read more: Rupee may strengthen further in coming week
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.
|UK Pound Sterling||219.5||222|