Business

Rupee Extends Winning Streak for 36th Consecutive Day Against US Dollar

The Pakistani rupee (PKR) continued its steady climb against the US Dollar (USD) for the 36th consecutive session on Wednesday, marking a rare streak of sustained gains in the interbank market. The local currency appreciated marginally by 0.0001% day-on-day (DoD) to close at Rs. 280.76, up by Rs. 0.0028 against the greenback.

The rupee’s consistent recovery reflects improving forex reserves, better current account control, and stable inflows through official channels. Market analysts attribute this extended rally to increased remittances, declining import pressure, and a tight monetary policy stance by the State Bank of Pakistan (SBP).

“Even a modest gain at this stage is a strong signal of market confidence,” said a senior forex analyst. “The rupee’s resilience against the dollar shows improving sentiment amid controlled demand and steady inflows.”

Interbank Summary (November 13, 2025)

Currency 11-Nov-25 12-Nov-25 13-Nov-25 Change (+/–)
USD 280.7756 280.7728 280.7638 +0.0090
EUR 324.6327 325.1489 326.1914 –1.0425
GBP 368.6724 369.1180 369.0360 +0.0820
AUD 183.1359 183.5131 184.7145 –1.2014
MYR 67.7466 67.9755 68.0310 –0.0555
CNY 39.4279 39.4427 39.5634 –0.1207
CAD 200.1466 200.4446 200.6746 –0.2300
AED 76.4431 76.4434 76.4399 +0.0035
SAR 74.8635 74.8648 74.8624 +0.0024

While the PKR inched up against the USD, it lost ground against major currencies like the Euro (EUR), Australian Dollar (AUD), and Canadian Dollar (CAD). However, it remained stable against the UAE Dirham (AED) and Saudi Riyal (SAR).

FYTD Performance

On a fiscal year-to-date basis, the rupee has appreciated 1.12% against the US Dollar, supported by improved export receipts and remittance inflows.

Economists expect mild fluctuations in coming weeks as the interbank market adjusts to global currency movements, but note that the rupee’s sustained strength offers “a positive macroeconomic signal” ahead of year-end trade settlements.