The Pakistani rupee continued its upward momentum against the US dollar, closing in positive territory for the 78th consecutive day in the interbank market on Tuesday. The local currency settled at 280.00 after gaining one paisa against the dollar during the session, reflecting sustained stability in the exchange rate.
The rupee also recorded gains against most major global currencies. It strengthened further against the UAE dirham and the Saudi riyal, extending its recent positive trend against both Gulf currencies. The local unit posted an improvement against the euro, Australian dollar, Chinese yuan, Canadian dollar, dirham, and riyal, showing broad-based support in the market.
However, the rupee weakened against a few currencies, losing around 25 paisas against the British pound and slipping against the Malaysian ringgit, while movements against other currencies remained relatively modest. Overall, the rupee’s performance highlighted continued resilience in the foreign exchange market, with steady gains against the US dollar and mixed but largely positive results against other major currencies.
