Overview
- Total liquid foreign reserves stood at $19.736 billion, with commercial banks holding $5.378 billion.
- The rupee closed at 281.47 after a 30-session appreciation streak, rising 0.01% on the day.
- Ismail Iqbal Securities reported the rupee down 1.04% on a calendar-year basis but up 0.82% in the fiscal year to date.
- Pakistan’s REER registered 100.1 in August, a 0.09% monthly uptick, with FYTD up 2.11% and CYTD down 3.44%.
- Local gold prices were unchanged at Rs388,600 per tola as international spot fell 0.6% to $3,639.05 and December futures slipped 1.2% to $3,672.20.