The Pakistani rupee (PKR) extended its winning streak against the US Dollar (USD) on Tuesday, marking its 111th straight session of appreciation despite volatility in global markets.

By the close of trading, the local currency settled at 279.45 against the greenback, strengthening by one paisa compared to the previous session. The rupee has continued to show resilience even as regional tensions trigger fluctuations in international equity and commodity markets.

Market observers caution that while the currency has held steady, risks remain. A currency trader noted that any fresh war-related statements from the US president could shift dollar demand in the short term, urging investors to remain vigilant.

Performance Against Other Currencies

During Tuesday’s session, the rupee posted mixed results against other major currencies.

It depreciated slightly against the UAE Dirham (AED), while inching up by one paisa versus the Saudi Riyal (SAR).

The rupee recorded notable gains against European currencies, appreciating by Rs1.04 against the British Pound (GBP) and Rs2.10 against the Euro (EUR).

Among commodity-linked currencies, the PKR weakened by 31 paisas against the Australian Dollar (AUD) but advanced by 38 paisas against the Canadian Dollar (CAD).

Overall, the local unit continued to trade within a narrow band, maintaining relative stability amid uncertain global cues.