KARACHI: The Pakistani rupee gained nine paisa against the US dollar in the inter-bank market on Friday.
According to forex dealers, the local unit settled at 154.40 for the day against yesterday’s closing of 154.49 against the greenback.
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Meanwhile, the Paksitani rupee remained stable in the open market and finished at 154.60 versus the US dollar.
The State Bank of Pakistan (SBP) in a statement on Thursday had 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.
