The Pakistani rupee extended its upward streak against the US dollar on Thursday, closing in the green for the 151st consecutive trading session.

The local currency ended the day at 278.7735, registering a marginal gain of around three paisas against the US dollar.

In the broader currency market, the rupee showed mixed but mostly positive movement against major global currencies, continuing its steady recovery trend.

Market participants noted that despite concerns over rising fuel prices, sentiment in the currency market remains tilted towards rupee stability and gradual appreciation against key international currencies.

Against other major currencies, the rupee posted gains in most cases during the session.

The euro fell to 325.6911 from previous levels, while the British pound also eased to 376.0933. The Australian dollar saw a sharper decline, dropping to 198.7655.

The rupee also strengthened against the Malaysian ringgit and Chinese yuan, though movements remained relatively minor.

In contrast, it slipped slightly against the Canadian dollar, while remaining largely unchanged against the UAE dirham and Saudi riyal.

Overall, the rupee maintained its positive momentum, extending one of its longest recovery runs in recent months across the foreign exchange market.