Pakistani rupee appreciated by 23 paisa against the US dollar in the inter-bank market
The greenback finished at 166.35 against the local currency as compared to yesterday’s closing of 166.58.
On July 9, the State Bank of Pakistan (SBP) said that its foreign exchange reserves rose by $810 million to $12.04 billion during the week ending on July 3.
The increase has been attributed to proceeds of $1,000 million as loan disbursement from China to Pakistan.
The SBP also made government’s external debt payments of $231.2 million.
Article source: https://www.suchtv.pk/business/item/98233-pakistani-rupee-appreciated-by-23-paisa-against-the-us-dollar-in-the-inter-bank-market.html