US dollar sold at Rs156.6 in Pakistan on March 17

• The buying rate of the US dollar was Rs155.5, while it was sold at Rs156.6.
  
• In the interbank market, the rupee registered its strongest level since March 9, 2020, on Tuesday.
  
• The local unit has appreciated 7% against the greenback since its low of Rs168.43 in August.
  

KARACHI: The buying rate of the US dollar was Rs155.5, while it was sold at Rs156.6 on Wednesday, March 17 at the closing of Pakistan's currency market.

In the interbank market, the rupee registered its strongest level since March 9, 2020, on Tuesday.

“The demand for hard currency for import payments was subdued. However, the inflows stayed robust, which helped prop up the rupee,” a foreign exchange dealer told The News on Tuesday.

The local unit has appreciated 7% against the greenback since its low of Rs168.43 in August.

Remittances sent home from overseas Pakistani workers climbed 24% to $18.7 billion in July-February FY21.

The Roshan Digital Account scheme has crossed 100,000 accounts as of March 11. The accounts have been opened from over 100 countries around the world. Deposits have reached $671 million.

Read more: US dollar rates in Pakistan on March 16

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 on Wednesday.

The information has been obtained from the Forex Association of Pakistan.