The Pakistani rupee (PKR) continued its winning streak against the US Dollar (USD), closing in green for the 88th consecutive day on Tuesday.
During today’s trading session, the rupee gained two paisas, closing at PKR 279.82 per US Dollar. Analysts say the State Bank of Pakistan’s (SBP) recent announcements and interventions have contributed to sustained market confidence.
The PKR also posted gains against most major global currencies, reflecting broader optimism in the foreign exchange market. Traders attribute this trend to improved macroeconomic indicators, rising foreign reserves, and stable investor sentiment.
Financial experts note that the extended rally indicates strengthening market fundamentals and growing trust in Pakistan’s economic policies. While small daily gains may seem modest, the 88-day consecutive increase is unprecedented in recent years.
SBP’s proactive approach, including monetary policy measures and forex management, has been pivotal in maintaining the rupee’s stability against the dollar. The central bank continues to monitor exchange rate fluctuations and market liquidity to sustain this positive trajectory.
Investors and businesses are watching closely, as the rupee’s resilience could influence import costs, inflation, and overall economic growth in the coming months.
