The Pakistani rupee continued its steady upward trend against the US dollar on Wednesday, closing in the green for the 171st consecutive trading session.

According to market data, the rupee settled at 278.45 against the dollar, marking a marginal gain of one paisa.

Market watchers suggest the local currency may be on track to extend its consistent appreciation streak to nearly six months, reflecting sustained stability in recent sessions.

Some traders told ProPakistani that the rupee currently appears to be near a short-term equilibrium level against the US dollar and is likely to maintain its overall direction in the near term.

However, they also cautioned that the currency could face brief pressure depending on policy measures announced in the upcoming budget, which is expected to shape near-term economic sentiment.