The Pakistani rupee (PKR) continued its upward momentum on Wednesday, closing in the green against the US dollar for the 150th consecutive trading session.
The local currency appreciated slightly by one paisa, settling at Rs. 278.80 against the US dollar at the close of the interbank market.
During the session, the rupee also posted gains against most major global currencies, reflecting overall stability in the foreign exchange market.
Currency Movement
Against the euro, the rupee strengthened by Rs. 0.1212, while it gained Rs. 0.2482 against the British pound. The Australian dollar declined by Rs. 0.4102, and the Canadian dollar fell by Rs. 0.5963 against the rupee.
The rupee showed mixed movement against Asian currencies, gaining slightly against the Chinese yuan by Rs. 0.0275, while edging down by Rs. 0.0158 against the Malaysian ringgit.
In Gulf currencies, the rupee remained largely stable, showing negligible movement against the UAE dirham and Saudi riyal.
Interbank Rates (3-Day Trend)
- US Dollar: Rs. 278.8037 (down from 278.8231)
- Euro: Rs. 326.1864
- British Pound: Rs. 376.3850
- Australian Dollar: Rs. 199.6932
- Malaysian Ringgit: Rs. 70.5654
- Chinese Yuan: Rs. 40.8130
- Canadian Dollar: Rs. 203.8188
- UAE Dirham: Rs. 75.9063
- Saudi Riyal: Rs. 74.3338
Overall, the rupee maintained a steady performance against key global currencies, with modest gains across most major trading pairs.
