diff --git a/erpnext/stock/doctype/material_request/material_request.py b/erpnext/stock/doctype/material_request/material_request.py
index a19f2a8a6ec..daebeaa4e1b 100644
--- a/erpnext/stock/doctype/material_request/material_request.py
+++ b/erpnext/stock/doctype/material_request/material_request.py
@@ -221,7 +221,7 @@ class MaterialRequest(BuyingController):
 				item.item_code,
 			)
 			if rate is not None:
-				item.db_set({"rate": flt(rate), "amount": flt(flt(rate) * item.qty, item.precision("amount"))})
+				item.db_set({"rate": rate, "amount": flt(rate * item.qty, item.precision("amount"))})
 
 		frappe.msgprint(
 			_("Item rates have been updated based on the selected Buying Price List {0}").format(