SBP reduces rate by 100 bps to 12% amid C/A surplus, increase in revenue

Reflects cash dependency while gold prices hit record highs and rupee loses 3 paisa hitting 278.75/$

With 2-week decline, FX stand at $16.19b; rupee rises by 13 paisa to 278.72/$ while gold sees Rs750 correction

Hit Rs4,250 reaching Rs287,450/tola; rupee loses 3 paisa depreciates to 278.85/$

Currency sees relatively steep depreciation in recent weeks; gold hikes Rs300 to Rs283,200 per tola

Three consecutive months of surplus driven by robust remittances

Rupee dips slightly vs dollar, shedding nine paisa; gold shines

Despite recovery in some sectors, challenges persist due to high energy costs

Exceeds target of Rs350b; gold rises to Rs280,800/tola while rupee drops 5 paisa against dollar

Bullion down by Rs1,400/tola on US inflation talk; rupee at 278.72/$, losing 4 paisa