The buying rate of the US dollar was Rs158.8, while its selling rate was Rs159.4 on Tuesday, February 16
During Monday's trading session the rupee fell, snapping a five-session winning streak, as a sudden increase in importers’ dollar demand weighed down the domestic currency, dealers said.
In the open market, the rupee closed lower at 159.50 against the dollar, compared with 159.20 in the previous session.
Dealers said the local currency gave up gains, coming to 159 levels again, amid increased demand for the greenback for import payments.
“There is a reversal in the rupee’s direction. We saw importers come to the market to buy dollars to settle their payments,” a currency dealer said.
Read more: Rupee may strengthen further in coming week
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 121.5 123.5
Canadian Dollar 123.5 125.5
China Yuan 24.95 25.1
Euro 91.5 193
Japanese Yen 1.55 1.58
Saudi Riyal 42 42.5
UAE Dirham 43 43.5
UK Pound 219 221.5
US Doollar 158.8 159.4
