Pakistani Rupee Extends Gains Against US Dollar for 93rd Consecutive Day
The Pakistani rupee (PKR) continued its modest upward trend against the US Dollar (USD), closing in green for the 93rd consecutive trading day on Tuesday. Despite the streak, the currency posted losses against most other major international currencies during the session.
The PKR closed at 279.75, marking a gain of just one paisa against the US Dollar. Analysts noted that while the gains are marginal, the consistency of the upward movement highlights relative stability amid ongoing economic challenges.
Market observers pointed out that the rupee’s performance against the USD reflects ongoing foreign exchange management efforts and continued support from remittances and exports. However, pressure from other global currencies suggests that broader market dynamics remain challenging.
The extended positive streak against the US Dollar is being closely monitored by investors, policymakers, and businesses, as it affects import costs, export competitiveness, and overall economic sentiment in Pakistan.
