The Pakistani rupee ended the week on a positive note, extending its winning streak against the US dollar while also recording notable gains against several major global currencies.
On Friday, the local currency closed in green against the US dollar for the 95th consecutive session, underlining sustained stability in the foreign exchange market. The rupee appreciated by three paisas during the day’s trading and settled at 279.72 against the dollar.
Currency market data showed that the rupee also strengthened against other major currencies, including the British pound, euro, and Australian dollar. The broad-based gains highlighted strong demand for the local currency and improved market sentiment.
Traders attributed the rupee’s continued strength to a combination of controlled import payments, steady inflows, and disciplined currency management. The absence of panic buying in the interbank market helped maintain balance between supply and demand.
The performance against the British pound stood out, as the rupee capitalized on global currency fluctuations and local stability. Similar trends were observed against the euro and the Australian dollar, reflecting a wider shift in favor of the Pakistani currency during the session.
Market participants noted that the rupee’s resilience throughout the week has boosted confidence among investors and businesses. Stable exchange rates are viewed as a key factor in controlling inflationary pressures, especially those linked to imported goods and fuel.
Analysts believe that improved foreign exchange reserves and consistent policy signals have played an important role in maintaining currency stability. Export receipts and remittance inflows have remained supportive, helping offset external payment obligations.
The rupee’s extended winning streak against the dollar is being closely watched, as such sustained appreciation is rare in Pakistan’s currency history. Observers say that even marginal daily gains contribute to broader market confidence over time.
Despite the positive momentum, experts caution that global economic developments could still influence exchange rate movements. Fluctuations in international commodity prices, interest rate decisions by major central banks, and geopolitical developments remain potential risk factors.
However, for now, the market tone remains optimistic. Dealers reported smooth trading conditions with no unusual volatility, suggesting that the rupee’s gains were backed by fundamentals rather than speculative activity.
Business groups have welcomed the currency’s stability, noting that predictable exchange rates help with planning, pricing, and managing operational costs. Importers, in particular, benefit from reduced uncertainty, while exporters gain clarity in contract settlements.
Looking ahead, analysts expect the rupee to remain range-bound if current economic trends continue. Any significant shift would likely depend on changes in external financing, trade balances, or global market dynamics.
The strong close to the week reinforces the perception that the foreign exchange market has entered a phase of relative calm. While challenges remain, the rupee’s performance against the dollar and other major currencies reflects growing confidence in short-term stability.
