Business

Rupee Extends Winning Streak to 35 Days Against US Dollar

The Pakistani rupee (PKR) continued its upward momentum against the US Dollar (USD) for the 35th consecutive day on Wednesday, though its pace of appreciation has slowed significantly. The currency inched up by just 0.0001% day-on-day, closing at Rs. 280.77 after a marginal gain of Rs. 0.0028 in the interbank market.

According to market analysts, the rupee’s steady trend reflects improved supply of foreign exchange and consistent remittances, though traders warn the upward run could lose steam amid global dollar strength.

On a fiscal year-to-date basis, the PKR has appreciated 1.12% against the greenback. However, it weakened against most other major currencies including the Euro, Pound, Australian Dollar, and Canadian Dollar, while remaining stable against the UAE Dirham and Saudi Riyal.

An exchange dealer said,

“The rupee’s strength shows market stability, but the next few weeks will depend on import demand and IMF-led fiscal discipline.”

Interbank Currency Rates (PKR Exchange Performance)

Currency 10-Nov-2025 11-Nov-2025 12-Nov-2025 Change (+/–)
USD 280.8067 280.7756 280.7728 +0.0028
EUR 324.9355 324.6327 325.1489 -0.5162
GBP 369.5276 368.6724 369.1180 -0.4456
AUD 183.3949 183.1359 183.5131 -0.3772
MYR 67.4854 67.7466 67.9755 -0.2289
CNY 39.4522 39.4279 39.4427 -0.0148
CAD 200.3973 200.1466 200.4446 -0.2980
AED 76.4516 76.4431 76.4434 -0.0003
SAR 74.8718 74.8635 74.8648 -0.0013

The State Bank of Pakistan (SBP) continues to monitor currency stability, with experts expecting the rupee to hover near current levels unless major external shocks occur.