US dollar sold at Rs157.30 in Pakistan on March 9

• The selling rate of the US dollar was Rs157.30 at the market closing.
  
• Dealers say Inflows from Pakistani workers employed abroad and export receipts helped the rupee make slight gains on Monday.
• The forex market hasn’t responded to the ongoing political noise in the country that emerged after PTI lost the Senate polls.
  

KARACHI: The buying rate of the US dollar was Rs157, while its selling rate was Rs157.9 on Tuesday, March 9 at the closing of Pakistan's currency market.

Read more: Buying and selling rates of US dollar against Pakistani rupee on March 8

“Inflows from Pakistani workers employed abroad and export receipts helped the rupee make slight gains, despite the demand for import and corporate payments,” a foreign exchange dealer said on Monday. 

“We expect the rupee to extend meager gains due to enough supply of the greenback to meet the demand. The rupee could touch 156 levels per dollar in the coming sessions,” he added. 

The forex market hasn’t responded to the ongoing political noise in the country that emerged after Pakistan Tehreek-e-Insaf lost the Senate seat from Islamabad where its candidate Dr Abdul Hafeez Sheikh was defeated by Opposition's Syed Yousuf Raza Gilani. 

The market players are focusing on fundamentals, dealers said. The rupee has gained value against the dollar in recent days on the back of Roshan Digital Account inflows, resumption of the International Monetary Fund’s loan programme, and robust forward sale of dollars by exporters.

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.

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