US dollar Appreciates against Rupee in interbank market

The US Dollar gained 26 paise against the Pakistani Rupee in the interbank on the first day of the business week.

According to the details, in the interbank market, the dollar rose from Rs 160.14 to Rs 160.40 on Monday.

Earlier State Bank of Pakistan (SBP) revealed that the country’s net foreign reserves jumped by $160 million to $20.40 billion during the week ending on December 04

The central bank said the overall foreign reserves of the country stood at $20.40 billion.

The SBP held $13.29 billion worth of reserves while commercial banks $7.10 billion reserves.