The Pakistani rupee maintained its upward momentum against the US dollar on Thursday, closing higher for the 108th consecutive session, even as it weakened against most other major international currencies.
In the interbank market, the rupee settled at 279.50 per dollar, registering a modest gain of one paisa compared to the previous close.
However, the local currency showed mixed performance across the broader currency basket. While it edged up slightly against the UAE dirham, it slipped against the Saudi riyal, reflecting mild pressure in regional trade-linked currencies.
The rupee also faced notable losses against major global units, falling 32 paisas against the British pound and 21 paisas versus the euro. Similarly, it depreciated by 23 paisas against the Australian dollar and 15 paisas against the Canadian dollar during the session.
Market data showed minor movements against Asian currencies, with the rupee posting a marginal gain against the Malaysian ringgit but weakening against the Chinese yuan.
Despite the mixed trend, analysts note that the rupee’s continued stability against the US dollar underscores sustained demand-supply balance in the interbank market, even as cross-currency fluctuations persist.
