US dollar rises against Pakistani Rupee in the Interbank Market

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US dollar rises against Pakistani Rupee in the Interbank Market

KARACHI: US dollar rises against Pakistani Rupee in the Interbank Market.

The US dollar appreciated by eight paisa against the Pakistani rupee in the inter-bank market on Thursday.

According to forex dealers, the greenback settled at Rs154.49 for the day as compared to yesterday’s closing of 154.41.

The State Bank of Pakistan (SBP) in a statement earlier today reported an increase of $359 million in its foreign exchange reserves.

The central bank said its net reserves stood at US$12.27 billion during the week ending January 31.

Whereas, the total liquid foreign reserves held by the country increased by $282 million to $18.64 billion while net foreign reserves held by commercial banks were recorded at $6.37 billion.

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