US dollar rates against rupee on January 9

• The buying rate of the US dollar was Rs159.5, while its selling rate was Rs160.2
  
• The rupee depreciated a day earlier to close at 160.30 against USD
• Traders expect rupee to remain between Rs160-160.25 in coming week

KARACHI: The buying rate of the US dollar was Rs159.5, while its selling rate was Rs160.2 on Saturday, January 9.

On Friday, the rupee the rupee lost ground to end at 160.30 against the dollar. It had finished at 160.21 in the previous session.

Dealers said the local currency again came under pressure due to an uptick in the demand from importers.

“The rupee gave up gains it made during the last two sessions on the back of dollar buying from importers,” a currency dealer told The News.

“As no major import payments are scheduled next week, we expect the rupee to remain range-bound, trading in the band of 160 and 160.25 per dollar.”

Read more: Closing rates of US dollar against rupee on January 8

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.