Overview
- State Bank of Pakistan holdings rose by $22 million in the week ended November 7 to $14.5246 billion, official data show.
- Commercial banks’ net foreign reserves stood at $5.1993 billion, taking total liquid foreign reserves to $19.7239 billion.
- The rupee closed unchanged at Rs280.76 per dollar in inter-bank trade, with year-to-date moves remaining limited, according to SBP data.
- The latest uptick extends a sequence of modest weekly increases reported in recent weeks, including gains of $31 million and $16 million in prior weeks.
- Domestic gold prices jumped, with APGJSA reporting an Rs8,300 rise per tola to Rs443,062, tracking global gains as investors anticipated further US Federal Reserve easing reported by Reuters.