The Pakistani rupee extended its upward momentum against the US dollar on Wednesday, marking its 159th consecutive session of gains.
According to market data, the rupee closed at 278.6522, improving slightly by one paisa against the US currency during the latest trading session.
Despite global economic pressure and relatively high international oil prices, the dollar remained under mild pressure against the rupee, although it retained overall strength in broader markets.
In the interbank market, the rupee also posted mixed performance against other major global currencies.
It gained marginally against the UAE Dirham and Saudi Riyal, while showing stronger movement against the Euro, where it appreciated by over one rupee during the session.
However, the local currency weakened against the British Pound, reflecting broader volatility in global currency markets. It also showed mixed performance against commodity-linked and regional currencies.
Against the Australian Dollar, the rupee declined, while it posted slight gains against the Canadian Dollar. The currency remained largely stable against the Chinese Yuan, showing minimal fluctuation.
Overall, the rupee’s sustained strengthening trend against the US dollar continues to reflect steady market sentiment, though analysts note that fluctuations across other major currencies highlight ongoing global uncertainty and exchange rate volatility.
