The Pakistani rupee notched up its 26th straight session of gains against the US dollar on Friday, though the move was marginal.
The currency ended the day at Rs. 281.55 in the interbank market, a hair stronger than Thursday’s close of Rs. 281.56. While the appreciation was just one paisa, the prolonged streak highlights the rupee’s current stability, a rare trend for the local unit in recent years.
In the open market, the dollar was quoted at Rs. 282.5 (buying) and Rs. 282.8 (selling), according to the Forex Association of Pakistan.
Other Major Currencies
- Euro: Gained Rs. 1.20, finishing at Rs. 330.40.
- British Pound: Added Rs. 1, closing at Rs. 381.56.
- Japanese Yen: Flat at Rs. 1.90.
- UAE Dirham: Edged up to Rs. 76.66.
- Saudi Riyal: Unchanged at Rs. 75.04.
Why It Matters
The rupee’s extended run comes as Pakistan continues to manage tight foreign reserves and external payments. Analysts say such incremental gains often reflect administrative measures and controlled demand for dollars, rather than a surge in inflows. Still, holding steady against the greenback is seen as a psychological boost for businesses and consumers who have faced months of exchange rate volatility.
