US dollar being sold in Pakistan for Rs157.6 on March 13

KARACHI: The buying rate of the US dollar was Rs157, while it was sold at Rs157.6 on Saturday, March 13 at the opening of Pakistan's currency market.

During Friday's trading, the rupee made gains against the greenback due to subdued dollar demand from importers and healthy supplies, dealers said.

In the open market, the rupee ended at 157.30 to the dollar. It had finished at 157.25 on Thursday.

The dealer said the insignificant dollar demand from importers, smooth supply of the greenback, robust remittances, and the increased foreign exchange reserves kept the rupee stable.

Read more: US dollar rates in Pakistan on March 12

“There were some payments in the market but inflows were enough to meet them,” a currency dealer said.

The dealers also said that the market did not react to the election for the seat of chairman and deputy chairman of the Senate. 

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.