USD to PKR: Rupee Extends Gains for 72nd Day Near 279

USD to PKR remained under pressure as the Pakistani rupee stayed green for the 72nd consecutive session, closing slightly stronger against the US dollar on Monday. The rupee settled at 280.10, marking another marginal gain and reinforcing the ongoing trend of stability as the local currency slowly moves closer to the 279 level.

According to interbank market data, the rupee gained one paisa against the US dollar at the close of trading. Market watchers say this prolonged appreciation reflects improved dollar liquidity and disciplined demand management at the start of the new week.

A currency dealer noted, “The rupee’s consistency over the past two months signals short-term confidence, supported by controlled imports and steady inflows.”

The rupee’s extended rally comes amid tighter checks on speculative dollar buying, relatively stable external payments, and cautious optimism around Pakistan’s external financing outlook. Over recent weeks, the currency has shown resilience despite global volatility, helping contain imported inflation pressures.

Beyond the dollar, the rupee also strengthened against several major currencies. It posted notable gains against the British Pound, Australian Dollar, Euro, UAE Dirham, and Saudi Riyal, reflecting broad based interbank support. However, it slipped slightly against the Chinese Yuan, bucking the overall positive trend.

Analysts believe that if current conditions persist, the USD to PKR rate could remain range-bound in the near term. Any sharp movement will depend on external inflows, global dollar strength, and upcoming economic signals.