US dollar sold at Rs160.75 in Pakistan on February 1

• The buying rate of the US dollar was Rs159.8 , while its selling rate was Rs160.75 on Monday.
• The rupee is expected to remain range-bound against the US dollar this week.
• It will be supported by subdued demand for hard currency.

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KARACHI: The buying rate of the US dollar was Rs159.8, while its selling rate was Rs160.75  on Monday, February 1 at the opening of the currency market.

Moreover, with an improvement in inflows lending support to the local unit, the rupee is expected to remain range-bound against the US dollar this week supported by subdued demand for hard currency.

Read More: Gold sold at Rs112,950 per tola in Pakistan on February 1

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.

Currency	Buying	Selling
Australian Dollar	122	124.5
Canadian Dollar	123	125
Euro	192.5	194.5
Japanese Yen	1.55	1.58
China Yuan	24.9	25.05
Saudi Riyal	41.8	42.4
UAE Dirham	43	43.6
UK Pound Sterling	218	221
US Dollar	159.8	160.75