KARACHI: The buying rate of the US dollar was Rs158.6, while its sellingrate was Rs159.3 at the closing of the market on Friday, February 12.
During the last day’s trading, the rupee posted gains against the dollar inthe interbank market amid strong inflows. The rupee closed at 159.07against the dollar, up from 159.31 in the previous session. It appreciated0.15 percent during the trade.
Dealers said the supplies were healthy and enough to meet the importers’demand and so the local unit gained value against the dollar.
“We anticipate the rupee to move in the range of 159 and 159.25 against thedollar in the coming sessions,” a foreign exchange dealer said.
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The rupee has been supported by inflows from remittances, exports, andinternational financial institutions. Robust inflows under the RoshanDigital Account and the current account surplus have also kept the rupeestable.
