KARACHI: The Pakistani rupee recorded an increase of 20 paisa in its value against the US dollar in the open market in early trade reported media sources on Friday.

According to foreign currency dealers, the local unit against the greenback appreciated by 20 paisa to 154.60 compared with the closing of 154.80 yesterday.

The rupee had risen by eight paisa a day before to settle in the interbank market at 154.47 against the US dollar.

In a statement on January 30 the State Bank of Pakistan (SBP) said its net foreign reserves increased by $184 million over the week ending January 24 to $11.9 billion.

According to data, the country’s total liquid foreign reserves kept on the 24th of this month stood at $18,362.7 million.

Foreign reserves held by Pakistan’s State Bank stood at $11,915.2 million, while commercial banks held $6,447.5 million, respectively.