KARACHI: The rupee gained by five paisas against dollar on Monday after some improvement in foreign exchange reserves was seen in the latest data.
The rupee ended Rs166.59 to the dollar from last Friday’s closing of Rs166.64 in interbank foreign exchange market.
The foreign exchange reserves of the country have increased by $70 million to $16.775 billion by week ended June 12, 2020.
The foreign exchange reserves were at $16.705 billion by week ended on June 05, 2020.
The foreign exchange reserves held by the central bank increased by $11 million to $10.107 billion by week ended June 12, 2020 as compared with $10.096 billion a week ago.
Currency experts said that the local currency was under pressure during the last week owing to repayment of external debt.
