The Pakistani rupee continued its historic rally against the US dollar on Friday, closing the week with its 76th consecutive daily gain in the interbank market. The local currency settled at PKR 280.02 per USD, appreciating by two paisas compared to the previous session, reinforcing confidence in Pakistan’s foreign exchange stability.

Market analysts attribute the rupee’s sustained strength to higher remittance inflows, controlled import demand, and improved foreign exchange management. December remittances crossing $3.6 billion and strict oversight on speculative trading have helped keep the dollar rate stable despite global currency volatility.

A currency dealer noted, “Consistent inflows and disciplined market behavior are supporting the rupee, keeping the USD to PKR rate largely range-bound.”

Alongside the US dollar, the rupee also posted gains against all major global and regional currencies, including the British Pound, Euro, Australian Dollar, UAE Dirham, and Saudi Riyal. Notably, it gained 43 paisas against the GBP and 60 paisas against the Australian Dollar, reflecting broad-based strength.

Interbank Currency Rates

Currency watchers believe the rupee may remain stable in the near term, provided remittance inflows stay strong and external payment pressures remain manageable. However, global oil prices and upcoming external debt payments will continue to influence the USD to PKR trajectory.