US dollar edges up 32 paisa to 163.30 against Pakistani rupee

By Muhammad YaseenPublished On 03 Jan 2023

KARACHI: The United States (US) dollar registered a marginal gain of 32 paisa at 163.30 against the Pakistani rupee at the start of day’s trading on Friday.

According to forex dealers, the greenback is trading at 163.30 against the local unit in the interbank market.

The US dollar has seen cumulative gains of Rs1.28 during the previous two trading sessions.

On May 28, the State Bank of Pakistan (SBP) recorded $55 million decrease in its liquid foreign reserves.

According to the central bank’s weekly report, the total foreign reserves held by the country stood at $ 18,597.9 million. The net reserves held by commercial banks stood at $6,524 million.

SBP reserves decreased by $55 million to 12,073 million due to external debt repayments.