Overview

• The rupee closed the prior week at 281.46 per dollar, up Re0.09 in the inter-bank market, and firmed intraday to about 281.28 on Monday.
• SBP reported a $245 million current-account deficit for August 2025 after a revised $379 million shortfall in July.
• Central bank foreign reserves rose $21 million to $14.36 billion as of September 12, with total liquid reserves at $19.74 billion and commercial banks at $5.38 billion.
• Workers’ remittances reached $3.1 billion in August, including $642.9 million from the UAE, while reported open-market AED quotes held near Rs77.14/78.14.
• Retail dollar quotes were reported around Rs282.45/282.85, while the Indian rupee weakened to about 88.31 per dollar as traders assessed a US H-1B fee hike and dollar moves.