US dollar sold at Rs160.5 on Jan 15

• The buying rate of the US dollar was Rs159.8, while it was being sold at Rs160.5 at opening of trading.
• On Thursday, the rupee ended marginally stronger due to the dollar selling by exporters.
• “The rupee looks to conclude this week at 160.05 to 160.15/dollar,” according to a dealer.

---

KARACHI: The buying rate of the US dollar was Rs159.8, while its selling rate was Rs160.5 on Friday, January 15 at the opening of Pakistan’s currency market.

Read More: Gold sold for Rs112,900 per tola in Pakistan on Jan 15

Earlier on Thursday, the rupee ended marginally stronger due to the dollar selling by exporters, while positive sentiment about the country’s economic outlook also propped up the domestic currency, dealers said.

The rupee closed 0.11% firmer at 160.18 against the dollar, compared with Wednesday’s closing of 160.35 in the interbank foreign exchange market. The rupee gained 10 paisas to end at 160.30 against the dollar in the open market.

“Healthy supplies due to exporters’ dollar selling helped the rupee gain during the session,” a forex dealer said. “The importers’ dollar demand has eased,” he added.

Dealers said sentiments were very positive for the economy, as well as for the currency. 

The encouraging industrial output numbers and stable outlook for Pakistan’s economy, as well as the banking sector by the latest Moody’s report, was positively impacting the rupee, they said. “The rupee looks to conclude this week at 160.05 to 160.15/dollar,” another dealer said.

Meanwhile, the following are the rates of the US Dollar, Saudi Riyal, UK Pound, the UAE’s Dirham, and other foreign currencies in the open market today.

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

Currency	Buying	Selling
Australian Dollar	122	124
Canadian Dollar	124	126.5
Euro	193	195.5
Saudi Riyal	42.25	43.1
Japanese Yen	1.55	1.58
Chinese Yuan	24.85	25
UAE Dirham	43.6	44.1
UK Pound Sterling	216.5	219.5
US Dollar	159.8	160.5