Rupee Extends Winning Streak, Gains for 28th Straight Day Against US Dollar

The Pakistani Rupee (PKR) continued its upward momentum on Monday, marking its 28th consecutive day of gains against the US Dollar (USD) in the interbank market, reflecting sustained stability in the country’s foreign exchange reserves and improved investor sentiment.

According to the latest data, the PKR appreciated by 0.003% day-on-day, closing at Rs. 280.9 per USD. On a fiscal year-to-date (FYTD) basis, the local currency has strengthened 1.08%, showing consistent resilience amid global market volatility and domestic economic adjustments.

Currency traders attribute the rupee’s steady rise to controlled import demand, stronger remittance inflows, and improved foreign exchange management by the State Bank of Pakistan (SBP).

An analyst said,

“The rupee’s consistent performance indicates stability in external payments and confidence returning to Pakistan’s currency market.”

The rupee also posted gains against most major currencies during the session, remaining stable against the UAE Dirham (AED) and Saudi Riyal (SAR), while strengthening against the Canadian Dollar, Euro, and British Pound.

Experts suggest that if current trends continue, the PKR may maintain its stability in the short term, supported by IMF-led reforms and a disciplined fiscal approach by the government.