The Pakistani rupee continued its steady upward run against the US dollar on Tuesday, extending its gains for the 185th consecutive trading session.
In the interbank market, the rupee strengthened slightly by one paisa, closing at 278.2116 per USD, marking another incremental recovery phase for the local currency.
Market observers note that at the current pace, the rupee could potentially move closer to the 277 per dollar range by late June, continuing its recent trend of gradual appreciation.
Euro Weakens, Pound Turns Volatile
Foreign currencies showed mixed movement against the rupee:
- The euro (EUR) extended its downward trajectory, slipping further in line with recent sessions
- The British pound (GBP) reversed gains and weakened by Rs. 1.13, reflecting volatility after recent fluctuations
- The Australian dollar (AUD) dropped significantly by Rs. 1.31, showing the sharpest decline among major currencies
Dollar, Gulf Currencies Remain Stable
- US dollar (USD): Slight decline of 1 paisa
- UAE dirham (AED): Broadly stable
- Saudi riyal (SAR): Gained marginally by a few paisas
Closing Exchange Rates (June 23, 2026)
- USD: 278.2116 (↓ 0.0094)
- EUR: 317.5646 (↓ 0.8733)
- GBP: 368.1713 (↑ 1.1282 fluctuation shown as overall weekly loss in trend)
- AUD: 193.3431 (↓ 1.3142)
- MYR: 67.1279 (↓ 0.1270)
- CNY: 40.9985 (↓ 0.0510)
- CAD: 196.2900 (↓ 0.0488)
- AED: 75.7533 (↓ 0.0015)
- SAR: 74.1048 (↓ 0.0124)
