Rupee Extends Winning Streak, Appreciates for 34th Straight Day Against US Dollar

The Pakistani Rupee (PKR) continued its upward momentum, appreciating for the 34th consecutive session against the US Dollar (USD) on Tuesday as markets maintained focus on economic stability rather than political noise.

This consistent gain reflects investor confidence following the Senate’s approval of the 27th Constitutional Amendment Bill 2025, which passed with a two-thirds majority, signaling improved political and policy clarity. The PKR appreciated by 0.01% day-on-day, closing at Rs280.70 after gaining three paisas against the USD. Since the start of the fiscal year, the rupee has strengthened 1.12% against the greenback.

According to interbank data, the PKR also performed well against other major currencies, remaining stable against the UAE Dirham (AED) and Saudi Riyal (SAR), while posting gains against the Canadian Dollar (CAD) and Australian Dollar (AUD).

Market analysts noted that the rupee’s resilience indicates strong foreign inflows and disciplined monetary policy, helping the PKR resist global dollar strength.

“The market is rewarding Pakistan’s improving fiscal indicators and stability measures,” one trader observed.

Experts predict that if external accounts remain stable and remittances continue to improve, the rupee could maintain its gains in the near term  provided political calm persists.