Currency update: US dollar sold at Rs155.7 on March 25 in Pakistan

• The buying rate of the US dollar was Rs154.9, while it was sold at Rs155.7 on Thursday.
  
• The rising rupee also forced exporters to sell dollars in the market, further improving supplies of the US currency.
• It is likely to trade in the band of 154.50 and 155 versus the dollar this week.
  

KARACHI: The buying rate of the US dollar was Rs155.25, while it was sold at Rs156 on Thursday, March 25 at the closing of Pakistan's currency market.

“The market has some good dollar inflows in the shape of remittances today, which supported the rupee,” a dealer told The News on Wednesday.

The rising rupee also forced exporters to sell dollars in the market, further improving supplies of the US currency, another dealer said.

“Dollar supplies are presently more than the demand. The market is anticipating further appreciation in the rupee, which has resulted in more selling of greenbacks by exporters,” he added.

Read more: Buying, selling rates of US dollar in Pakistan on March 24

The rupee is expected to post more gains in the sessions ahead. It is likely to trade in the band of 154.50 and 155 versus the dollar this week, dealers said.

Meanwhile, following were the rates of the US dollar, Saudi Riyal, UK Pound, the UAE's Dirham, and other foreign currencies in the open market on Friday.

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