The Pakistani rupee extended its winning streak against the US dollar on Thursday, recording its 25th consecutive gain. The currency appreciated by 0.01% in the inter-bank market, settling at Rs. 281.56 by the close of trading. On Wednesday, it had closed at Rs. 281.60.
According to the Forex Association of Pakistan (FAP), the dollar traded in the open market at Rs. 282.5 for buying and Rs. 282.8 for selling. This shows stability in market demand and supply.
Meanwhile, other major currencies showed mixed trends. The Euro dropped by 27 paisa to close at Rs. 329.20, compared to the previous day’s Rs. 329.47, as reported by the State Bank of Pakistan (SBP). The Japanese yen remained stable at Rs. 1.90. However, the British pound slipped by 46 paisa, finishing at Rs. 380.56 compared to Rs. 381.02 a day earlier.
In addition, Gulf currencies also weakened slightly. The Emirates Dirham fell by 02 paisa to close at Rs. 76.65, while the Saudi Riyal dropped by the same margin to Rs. 75.04.
Overall, the consistent improvement of the Pakistani rupee against dollar reflects positive market momentum. Analysts believe close monitoring of global currency trends and domestic stability will remain crucial in sustaining this upward movement.
Related: Rupee up 8th day in a row against US dollar as it nears 281
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