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KARACHI: Pakistani rupee on Friday registered a sixth straight loss against the US dollar, depreciating 0.58% in interbank.
At close, the currency settled at 286.81, a decrease of Rs1.66, as per the State Bank of Pakistan (SBP).
Interbank closing #ExchangeRate for todayhttps://t.co/PMrUjl22FS#SBPExchangeRate pic.twitter.com/Fj8mJS9mH6
— SBP (@StateBank_Pak) July 21, 2023
On Thursday, the rupee registered losses against the US dollar for the fifth successive session, depreciating 0.47% to settle at 285.15 in the inter-bank market.
As expected, foreign exchange reserves held by the State Bank of Pakistan (SBP) surged $4.2 billion, clocking in at nearly $8.73 billion as of July 14, data released on Thursday showed.
“During the week ended July 14, 2023, SBP received $2.0 billion from the Kingdom of Saudi Arabia, $1.2 billion from the International Monetary Fund (IMF), and $1.0 billion from the United Arab Emirates (UAE),” the SBP said in a statement.
Total liquid foreign reserves held by the country stood at $14.07 billion.