Overview
- Pakistan’s inter-bank rate closed at 279.60 per US dollar on Feb. 17, a Re0.01 gain from Monday, marking another marginal advance.
- SBP reported January remittances of $3.46 billion, about 15.4% higher year on year, and a $21 million weekly rise in reserves to $16.18 billion as of Feb. 6.
- In India, the rupee traded at 90.67 in early dealings on Feb. 18 after finishing at 90.72 on Feb. 17, extending a week confined to roughly 90.6–90.8.
- Forex dealers flagged FII flows, a firm dollar and crude prices as key drivers, with suspected RBI dollar sales near 90.78 helping prevent a break toward 91.
- RBI data showed forex reserves at $717.064 billion after a $6.711 billion weekly decline, and market focus has turned to upcoming US data and Fed signals for direction.