The Pakistani Rupee closed in green against the US Dollar (USD) for the 83rd consecutive day on Tuesday. It gained one paisa, ending at 279.91 PKR per USD, according to interbank market data.
Despite its continued strength against the US Dollar, the Pakistani Rupee lost value against most other major currencies during Tuesday’s session. It fell by Rs. 2.37 against the British Pound (GBP) and Rs. 1.43 against the Australian Dollar (AUD).
However, the rupee performed positively against some regional currencies. It strengthened against the UAE Dirham (AED) and the Saudi Riyal (SAR), closing in green against both. Market analysts said these selective gains reflect short-term fluctuations and market sentiment.
Traders noted that the Pakistani Rupee’s consistent performance against the USD indicates growing investor confidence. Despite global economic uncertainty, the local currency has maintained stability in its most important trading pair.
Experts highlighted that while the PKR is stable against the US Dollar, importers and businesses should carefully monitor exchange rates against other currencies. Volatility in GBP, AUD, and other international currencies can impact trade costs and remittances.
The State Bank of Pakistan and financial analysts continue to observe interbank currency trends closely. They pointed out that the PKR’s mixed performance reflects global market dynamics, supply-demand factors, and investor behavior.
Market watchers also emphasized that currency fluctuations against different international currencies are natural and may continue in the short term. The Pakistani Rupee’s selective gains and losses show the need for cautious planning for foreign exchange transactions.
In other related news also read Pakistani Rupee Strengthens Against Major Currencies
In summary, the Pakistani Rupee remains strong against the US Dollar while facing pressure from other major currencies. Traders, businesses, and investors are advised to stay updated on forex trends to make informed decisions.
