Overview
- The Pakistani rupee was essentially flat to marginally stronger, closing around Rs277.55–277.56 in the inter-bank market on Monday, Aug 24, 2026.
- State Bank of Pakistan foreign-exchange reserves rose by $25 million to $17.08 billion for the week ended Aug. 13, bringing total liquid reserves to $22.50 billion including commercial banks.
- Pakistan’s current-account deficit narrowed to $328 million in July from $814 million in June, while the country’s real effective exchange rate climbed to 107.92 in July.
- The Indian rupee pared earlier gains and settled at 95.74 on Monday as higher Brent crude, steady importer demand and caution over new U.S. sanctions on Iran weighed on the currency.
- Broader drivers — the U.S. Treasury’s plan to buy back long bonds and swings in oil prices — are influencing investor sentiment and short-term currency moves, which could affect import costs for businesses and households.