The greenback was trading at Rs283.21 at the closing of the market, as against the closing of Rs283.26 on Friday, December 15.

The local unit appreciated by 61 paisas during the previous week and settled at Rs283.26 against the dollar in the interbank market.

The winning streak of the rupee has remained unabated for five consecutive weeks which could be attributed to the staff-level agreement reached between Pakistan and the International Monetary Fund.

The State Bank of Pakistan (SBP) has released data on a significant increase in domestic foreign exchange reserves.

The total liquid foreign reserves of Pakistan reached US$12,206.4 million while the reserves held by the central bank stood at $7,040.8 million.