- The buying rate of the US dollar was Rs158, while its selling rate was Rs158.6.
- The demand for the hard currency remained subdued on Monday due to fewer import payments, say the dealers.
- Dealers also opine that the next range for the rupee could be 157.40 to 157.90.
KARACHI: The buying rate of the US dollar was Rs158, while its selling rate was Rs158.6 on Tuesday, March 2 at the opening of the currency market.
“The demand for the hard currency remained subdued due to fewer import payments. Strong inflows from remittances and Roshan Digital Account have increased the dollar supplies in the market,” a currency dealer at a commercial bank said on Monday.
“We expect the rupee to easily trade below 158 levels per dollar in the coming sessions. The next range for the rupee could be 157.40 to 157.90.”
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 Pakistan.
| Currency | Buying | Selling |
| Australian Dollar | 122.5 | 124.5 |
| Canadian Dollar | 122.5 | 124.5 |
| Euro | 190 | 192 |
| Saudi Riyal | 41.5 | 41 |
| Japanese Yen | 1.55 | 1.58 |
| China Yuan | 24.9 | 25.05 |
| UAE Dirham | 42.5 | 43 |
| UK Pound Sterling | 219.5 | 222.5 |
| US Dollar | 158 | 158.6 |