The greenback gained 10 paisas and was trading at Rs285.37 at the closing of the market, as against the closing of Rs285.27 the previous day.

In the open market, the buying of the dollar was recorded at Rs284.87 while it was quoted at Rs285.37 for selling at the time of filing the story.

The minor setback in the value of the rupee came after the foreign exchange reserves of the central bank dropped by $217 million.

The State Bank of Pakistan reported that for the week ending November 17, external payments caused the SBP’s foreign exchange reserves to drop by $217 million to $7.18 billion.

The country’s commercial banks had $5.12 billion as of November 17.