The Pakistani rupee continued its steady upward run against the US dollar on Monday, extending its winning streak to 143 consecutive sessions as it closed slightly stronger in the interbank market. The local currency appreciated by one paisa, ending the day at 278.91 against the dollar, reflecting ongoing stability in the foreign exchange market.

The rupee also recorded a mixed but largely positive performance against other major global currencies during the session. Market participants remain focused on evolving geopolitical developments, particularly in the region, as attention builds around the expected conclusion of the US-Iran ceasefire framework later this week. While international diplomatic activity is being closely watched, the currency market has so far remained relatively steady.

Against the euro, the rupee strengthened notably by over 64 paisas, while it also gained around 57 paisas versus the British pound. The Australian dollar saw a similar decline of 56 paisas against the rupee, and the Canadian dollar slipped by about 23 paisas. In contrast, movement against Gulf currencies remained largely muted, with the rupee holding broadly stable against both the UAE dirham and Saudi riyal.

In individual currency movements, the euro dropped to 327.9996 from earlier levels, the pound weakened to 376.5162, and the Australian dollar eased to 199.4215. The Canadian dollar also edged lower to 203.6963. Meanwhile, the UAE dirham and Saudi riyal remained largely unchanged, reflecting continued peg stability and subdued volatility in those corridors.

Overall, the rupee’s consistent appreciation streak highlights improved sentiment in the currency market, even as traders continue to weigh external geopolitical signals and short-term demand dynamics.