US dollar sold in Pakistan for Rs157.6 on March 15

• The buying rate of the US dollar was 157, while it was sold at 157.6 on Monday.
  
• According to traders, the insignificant dollar demand from importers, smooth supply of the greenback among other factors kept the rupee stable during the past week.
  
• The dealers also said that the market did not react to the election for the seat of chairman and deputy chairman of the Senate that happened last week.
  

KARACHI: The buying rate of the US dollar was 157, while it was sold at 157.6 on Monday, March 15 at the closing of Pakistan's currency market.

The dealer said the insignificant dollar demand from importers, smooth supply of the greenback, robust remittances, and the increased foreign exchange reserves kept the rupee stable during the previous week.

“There were some payments in the market but inflows were enough to meet them,” according to a currency dealer.

Read more: Weekly currency update: Pakistani rupee expected to stay range-bound

The dealers also said that the market did not react to the election for the seat of chairman and deputy chairman of the Senate that happened last week.

Meanwhile, 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.