Rupee Extends Winning Streak to 82 Days Against US Dollar
The Pakistani rupee continued its steady performance against the US dollar on Monday, extending its appreciation streak to 82 consecutive trading days in the interbank market.
By the close of trading, the rupee settled at PKR 279.92 per dollar, marking a gain of three paisas compared to the previous session. The consistent upward trend reflects growing stability in Pakistan’s foreign exchange market.
Currency market data showed that the rupee also recorded gains against select other major global currencies during the day’s trading, signaling broader strength beyond the dollar pairing.
Market analysts attribute the rupee’s sustained performance to improved dollar inflows, disciplined import controls, and continued oversight by financial regulators. Stable remittances and cautious demand for foreign currency have also played a role in maintaining balance in the interbank market.
The extended winning streak highlights a sharp contrast to the volatility witnessed in previous years, when the rupee faced frequent pressure due to widening trade deficits, depleted reserves, and uncertainty in external financing.
According to currency dealers, the current trend indicates reduced speculative activity and a better alignment between dollar supply and demand. The presence of administrative and regulatory measures has helped limit sudden fluctuations in the exchange rate.
The rupee’s gradual appreciation has provided some relief to importers by easing cost pressures on essential goods and raw materials. However, exporters continue to monitor movements closely, as sustained currency strength can impact export competitiveness.
Despite the positive momentum, economists caution that maintaining currency stability will depend on long-term structural reforms, export growth, and sustained foreign investment. Any disruption in inflows or a sudden rise in external obligations could challenge the current balance.
For now, the rupee’s 82-day winning run reflects a period of relative calm in Pakistan’s currency market, offering a positive signal for businesses and investors tracking exchange rate trends.
