The Pakistani rupee extended its upward streak against the US dollar for the 147th consecutive trading session on Friday, closing the day in positive territory.
In the interbank market, the rupee edged up by one paisa, settling at Rs. 278.85 against the US dollar. The local currency also posted gains against several other major international currencies during the day’s trading.
This performance comes even as market sentiment shared earlier in the week suggested potential pressure ahead. A survey by Topline Securities indicated that a majority of participants expect the dollar to remain above the Rs. 285 level in the coming months, despite the rupee’s recent sustained strength. The interbank rate currently stands around Rs. 278 per dollar, reflecting its extended appreciation trend of nearly five months.
According to the survey breakdown, 59% of respondents expect the USD/PKR rate to stay above 285, while 31% foresee it remaining in the 280–285 range. Only 10% believe the rupee could strengthen further into the 275–280 bracket.
Performance Against Other Currencies
The rupee also recorded mixed but mostly positive movement against other major currencies. It gained one paisa against the UAE Dirham and remained largely unchanged against the Saudi Riyal.
Against other global currencies, the rupee strengthened significantly: it appreciated by 43 paisas against the British Pound and 52 paisas against the Euro. It also gained 74 paisas against the Australian Dollar and 50 paisas versus the Canadian Dollar.
A broader snapshot of recent sessions shows continued fluctuations but an overall stable-to-positive bias in the local currency’s performance against major global peers, including the US dollar, Euro, British Pound, Australian Dollar, Malaysian Ringgit, Chinese Yuan, Canadian Dollar, UAE Dirham, and Saudi Riyal.
