The Pakistani rupee suffered loss against the US dollar in the interbank market on Friday, reported 24NewsHD TV channel.

According to the State Bank of Pakistan, the local currency depreciated by 86 paisas against the greenback which ended the day at Rs277.90.

https://twitter.com/StateBank_Pak/status/1677265930387345409

On Thursday, the Pakistani rupee registered marginal appreciation against the US dollar, strengthening 0.13% to settle at 277.04 in the interbank market.

https://twitter.com/StateBank_Pak/status/1676909233063989250

In a key development, foreign exchange reserves held by the State Bank of Pakistan surged by $393 million, clocking in at nearly $4.46 billion as of June 30.

The overall number stands at a critical level at around a month of import cover.

https://twitter.com/StateBank_Pak/status/1677190070229700609

Reporter Ashraf Khan