The Pakistani rupee (PKR) continued its remarkable run against the US Dollar (USD), extending its winning streak to 61 consecutive days in the interbank market on Wednesday.
According to market data, the rupee closed at 280.27, gaining seven paisas against the dollar compared to the previous session. Currency dealers described the movement as part of a broader trend of stability driven by controlled demand and improved market discipline.
Dollar Weakness Supports Rupee Stability
Analysts say the rupee’s continued strength reflects balanced dollar demand, steady inflows, and tight monitoring of the foreign exchange market. While the gains against the dollar remain modest, the consistency of the trend has boosted confidence among traders and importers.
Market participants noted that the rupee has been quietly stabilizing without sharp fluctuations, a contrast to the volatility seen in previous years.
Performance Against Other Major Currencies
The rupee posted mixed performance against other major global currencies during the session.
It ended stronger against the Euro, British Pound, and Australian Dollar, benefiting from movements in global markets. However, the PKR weakened slightly against the UAE Dirham and Saudi Riyal, which remain closely linked to the US dollar.
Meanwhile, the rupee lost 23 paisas against the Canadian Dollar, reflecting broader shifts in commodity-linked currencies.
Interbank Currency Rates Snapshot
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USD: 280.27
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EUR: Closed lower after recent highs
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GBP: Declined significantly during the session
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AUD: Continued downward trend
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AED & SAR: Slight losses for PKR
Outlook for the Rupee
Currency experts caution that while the 61-day winning streak is encouraging, long-term stability will depend on export growth, remittance inflows, and external financing conditions.
For now, the rupee’s steady performance is being viewed as a positive signal for inflation control and import planning, especially ahead of upcoming economic policy decisions.
