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Pakistan’s FX Reserves Edge Up $27 Million as India’s Jump $5.54 Billion on Gold Gains

India's jump reflects a gold price valuation boost, in contrast to Pakistan's incremental gains from recent inflows.

Overview

  • For the week ended Nov. 14, the State Bank of Pakistan’s holdings rose by $27 million to $14.5515 billion, extending a run of small weekly increases.
  • Pakistan’s total liquid reserves stood at $19.7382 billion, with $5.1867 billion held by commercial banks.
  • The SBP injected over Rs645 billion into the money market through a one‑day reverse repo and a Shariah‑compliant Mudarabah OMO.
  • India’s foreign exchange reserves increased by $5.543 billion to $692.576 billion, largely due to a $5.327 billion rise in the value of gold holdings to $106.857 billion.
  • India’s foreign currency assets rose by $152 million to $562.29 billion, with SDRs up $56 million and the IMF reserve position higher by $8 million after a $2.699 billion drop the previous week.