The Pakistani rupee (PKR) continued its upward streak against the US dollar (USD), closing in the green for the 138th consecutive trading session on Monday.
The local currency settled at 279.00 against the dollar, marking another marginal gain as the USD/PKR exchange rate remained largely stable.
However, the rupee showed a mixed performance against other major global currencies during the day’s trading session, recording losses in several key crosses.
Against the euro (EUR), the rupee weakened by 36 paisas, while it dropped 39 paisas against the British pound (GBP), reflecting broader strength in European currencies.
In contrast, the rupee remained mostly steady against the Australian dollar (AUD) and posted a slight gain of two paisas against the Canadian dollar (CAD).
Among Gulf currencies, the rupee lost one paisa against the UAE dirham (AED) but stayed largely unchanged against the Saudi riyal (SAR).
Other movements included a minor gain of 6.41 paisas against the Malaysian ringgit (MYR), while the Chinese yuan (CNY) saw a marginal loss of 0.59 paisas against the rupee.
Currency analysts say the rupee’s recent stability against the US dollar reflects controlled market conditions and steady inflows, while volatility against other currencies is driven by global forex movements rather than domestic pressure.
Despite mixed day-to-day performance, the rupee’s sustained stability against the dollar continues to remain the key focus of the currency market.
