Rupee Barely Beats US Dollar for 93rd Consecutive Session. The Pakistani rupee continued its stable performance against the US Dollar on Tuesday, marking its 93rd consecutive session in the green. The local currency showed only a marginal improvement but managed to maintain its upward streak in the interbank market.
According to market data, the rupee closed at 279.75, gaining one paisa against the US Dollar during today’s trading session. The previous closing rate stood at 279.76, showing that the movement remained limited but consistent.
Mixed Performance Against Other Currencies
While the rupee held firm against the US Dollar, it weakened against most other major currencies in the interbank market. The losses reflected global currency movements and ongoing demand pressures.
The rupee fell by 35 paisas against the British Pound (GBP) and recorded a notable loss of Rs. 1.10 against the Euro (EUR). Similarly, it declined by Rs. 2.62 against the Australian Dollar (AUD), showing strong pressure from the Australian currency.
However, the local currency managed a slight recovery against the Canadian Dollar (CAD), gaining eight paisas by the close of trading.
Gulf Currencies Update
Against Gulf currencies, the rupee closed in red as well. It lost one paisa against the Saudi Riyal (SAR) and also posted a minor loss against the UAE Dirham (AED), indicating mild weakness in regional trade-linked currencies.
Market experts note that the rupee’s continued stability against the US Dollar is supported by controlled imports, steady inflows, and improved sentiment, though pressure from other global currencies remains.
Conclusion
The Pakistani rupee’s 93-day winning streak against the US Dollar reflects short-term stability in the currency market. However, losses against major global and regional currencies highlight underlying pressures. Sustained improvement will depend on economic reforms, foreign inflows, and balanced trade activity in the coming weeks.
