The Pakistani rupee continued its remarkable upward streak, closing in the green against the US dollar for the 141st consecutive trading session on Thursday, while also posting mixed performance against other major global currencies.
The local currency ended the day at 278.95 per dollar, registering a marginal gain of one paisa, as overall market sentiment remained steady amid subdued dollar demand. Traders noted that recent global developments and commentary on oil and commodity markets have kept pressure on the US dollar, while the rupee has so far maintained its gradual strengthening trend.
Market participants also expect further movement ahead of anticipated diplomatic developments, including a possible second round of US-Iran talks, which some traders believe could influence regional currency and commodity flows in the coming weeks.
Against other major currencies, the rupee showed a mixed but relatively stable pattern. It gained ground against the British pound and the euro during the session, while remaining largely unchanged against the UAE dirham and Saudi riyal. However, it weakened against the Australian dollar and Canadian dollar, reflecting broader global currency fluctuations.
According to the latest exchange data, the euro and pound recorded modest losses against the rupee, while the Australian dollar and Canadian dollar saw sharper gains, highlighting uneven pressure across different currency pairs.
Overall, despite minor fluctuations across the basket of currencies, the rupee’s sustained strength against the US dollar remains the key highlight of the session.





