- 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.
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 |