The Pakistani rupee continued its upward momentum on Monday, closing in the green against the US dollar for the 162nd consecutive trading session.
At the close of interbank trade, the rupee settled at 278.60 against the US dollar, posting a marginal gain of one paisa.
During the session, the local currency also strengthened against several major global currencies, reflecting a broadly positive trend in the foreign exchange market.
Against the euro, the rupee gained around 20 paisas, while it rose by 26 paisas against the British pound. The rupee also appreciated by 43 paisas against the Australian dollar.
In contrast, it recorded a slight loss of 3 paisas against the Canadian dollar.
The rupee remained largely stable against Gulf currencies, showing minimal movement against the UAE dirham and gaining about one paisa against the Saudi riyal.
Exchange Rate Snapshot (Selected Currencies)
- USD: 278.6019 (slight gain)
- EUR: 324.0419 (strong gain)
- GBP: 372.0310 (strong gain)
- AUD: 199.2004 (notable gain)
- MYR: 70.0974 (gain)
- CNY: 40.9552 (stable)
- CAD: 202.6712 (slight loss)
- AED: 75.8596 (stable)
- SAR: 74.2345 (marginal gain)
The continued appreciation trend comes amid steady foreign exchange market conditions and ongoing stability in the interbank system.
