The Pakistani rupee continued its remarkable run against the US dollar, closing stronger for the 69th consecutive session on Tuesday. The local currency settled at Rs. 280.15, gaining one paisa against the greenback, even as it weakened against most other major global currencies in the interbank market.
Market data showed the PKR maintaining stability versus the USD, supported by steady inflows and controlled demand. Currency dealers noted that the rupee’s consistency against the dollar reflects improved market sentiment and tighter checks on speculative trading.
An analyst quoted in the market said, “The rupee’s prolonged stability against the dollar signals better liquidity management and confidence in the interbank market.”
Despite gains against the dollar, the rupee traded lower against several key currencies. It lost 73 paisas against the British pound and six paisas versus the Australian dollar. The PKR also weakened against the euro, Chinese yuan, Canadian dollar, and Malaysian ringgit during the session.
However, performance remained mixed in the Gulf currencies, with the rupee closing slightly negative against the UAE dirham while posting a minor gain against the Saudi riyal.
The rupee’s ongoing strength against the dollar comes amid relative stability in Pakistan’s foreign exchange market, supported by regulatory oversight and reduced import pressure. Analysts say, however, that movements against other currencies largely mirror global market trends and cross-currency fluctuations rather than domestic factors alone.
