The Pakistani rupee (PKR) continued its remarkable run by closing in green against the US dollar (USD) for the 86th consecutive day on Friday, gaining a marginal one paisa to settle at 279.86. This ongoing strength underscores the currency’s unusual stability amid global and domestic financial fluctuations.
However, the rupee faced losses against most other major currencies during the session. It declined by Rs. 1.63 against the British Pound (GBP), Rs. 1.01 against the Australian Dollar (AUD), and also posted declines against the Euro (EUR), Malaysian Ringgit (MYR), Chinese Yuan (CNY), and Canadian Dollar (CAD).
On the positive side, the PKR maintained gains against the UAE Dirham (AED) and the Saudi Riyal (SAR), closing at 76.1948 and 74.6303 respectively. Analysts note that the rupee’s sustained performance against the US dollar reflects steady dollar inflows and careful central bank intervention, while its mixed performance against other currencies highlights ongoing volatility in the broader forex market.
Overall, while the rupee’s streak against the USD remains impressive, the depreciation against other major currencies indicates continued challenges in maintaining balanced strength across the interbank foreign exchange market.
