KARACHI – The Pakistani rupee on Friday registered gains against the USdollar in the inter-bank market.
The rupee was being quoted at 262.05 during intra-day trading before theFriday prayers.
The Pakistani rupee continued its upward momentum against the US dollar onThursday, settling at 264.38 an appreciation of Re1 or 0.38%.
In a key development, foreign exchange reserves held by the State Bank ofPakistan (SBP) increased $276 million to $3.19 billion, data released onThursday showed. This is the first increase in reserves after three weeks.
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Total liquid foreign reserves held by the country stood at $8.7 billion.Net foreign reserves held by commercial banks stood at $5.51 billion.
