Monday, June 27, 2022

US dollar gains value against rupee after Eid holidays


KARACHI: The US dollar on Thursday gained Rs0.94 against rupee in interbank after the financial markets opened up following Eid holidays in the country today, ARY NEWS reported.

According to details, the US dollar traded at Rs186.63 against Rs185.69 on April 30, witnessing a Rs0.94  hike in the interbank. In open market, the US dollar traded at Rs186.75.

The State Bank of Pakistan’s (SBP) foreign exchange reserves fell by $328 million to $10.558 billion during the week that ended on April 23, data released by the central bank showed.

The total foreign reserves held by the country, including net reserves of commercial banks, stood at $16.668 billion as of April 23.

Read More: No fresh borrowings from SBP, clarifies finance ministry

Net foreign reserves of banks were recorded at $6.110 million. The SBP said said its reserved decreased due to external debt repayments.


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