- The buying rate of the US dollar was Rs160.1, while its selling rate was Rs160.9 on Wednesday.
- Dealers said that the rupee was expected to stay range-bound in the coming days.
- They said that inflows were also pretty good in the market, which helped the rupee to remain stable.
KARACHI: The buying rate of the US dollar was Rs160.1, while its selling rate was Rs160.9 on Wednesday, February 3 at the opening of the currency market.
Read More: Gold rates in Pakistan on February 3
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.
A day earlier, dealers said that the domestic currency gained ground in the absence of import payments. Most payments were covered in the previous session.
“Inflows were also pretty good in the market, which helped the rupee to remain stable,” the dealer added.
Dealers said the rupee was expected to stay range-bound in the coming days, as healthy dollar inflows from higher remittances from Pakistanis workers abroad and export proceeds were likely to prevent any sharp depreciation in the local unit’s value.
The information has been obtained from the Forex Association of Pakistan.
| Currency | Buying | Selling |
| Australian Dollar | 121.5 | 123.5 |
| Canadian Dollar | 122 | 124 |
| Euro | 192 | 194 |
| Saudi Riyal | 42.1 | 42.7 |
| Japanese Yen | 1.55 | 1.58 |
| China Yuan | 24.9 | 25.05 |
| UAE Dirham | 43.4 | 44 |
| UK Pound Sterling | 219 | 222 |
| US Dollar | 160.1 | 160.9 |