Overview

• Pakistan’s rupee in inter-bank trading edged up to 281.45 per dollar on Monday, its 32nd consecutive gain, according to Business Recorder citing SBP data.
• SBP foreign exchange reserves rose to $14.36 billion as of September 12, with total liquid reserves at $19.74 billion and commercial banks holding $5.38 billion.
• Workers’ remittances to Pakistan reached $3.1 billion in August, up 6.6% year on year, led by inflows from Saudi Arabia, the UAE, the UK and the US.
• Open-market quotes on September 22 showed the US dollar around Rs282 in Pakistan, with selling rates reported near Rs282.50–Rs282.85.
• India’s rupee closed weaker at 88.31 per dollar on Monday, with traders citing the H‑1B visa fee hike and tariff actions from the US; early Tuesday indicators pointed to ongoing pressure as the RBI monitors stability.