USD to PKR Stable as Rupee Falls Against Pound and Euro

USD to PKR remained largely stable on Tuesday as the Pakistani rupee posted its 83rd consecutive daily gain against the US Dollar, while suffering notable losses against the British Pound and Euro. The local currency closed at PKR 279.91 per USD, up by one paisa, reflecting continued stability in the interbank market despite pressure from global currencies.

While USD to PKR showed resilience, the rupee weakened sharply against most other major currencies. The British Pound surged, inflicting a loss of Rs. 2.37, while the Euro rose by Rs. 1.70, highlighting the impact of a stronger European session and global currency movements. The rupee also fell against the Australian Dollar and Canadian Dollar but managed to close slightly higher against the UAE Dirham (AED) and Saudi Riyal (SAR).

Currency experts attribute the continued USD to PKR stability to controlled dollar demand, improved foreign inflows, and tighter monitoring by financial authorities. A market analyst noted that “consistent interbank discipline and improved liquidity have helped keep USD to PKR within a narrow range,” even as external currencies gained strength globally.

Interbank Exchange Rates

Despite global volatility, analysts believe USD to PKR may remain range bound in the near term, supported by cautious imports and steady remittances. However, movements against the Pound and Euro indicate that external currency pressures remain a risk for the rupee.