Pakistani Rupee Appreciates for 17th Consecutive Session Against US Dollar

The Pakistani rupee continued its upward momentum against the US dollar in the inter-bank market on Monday, recording a slight appreciation of 0.01%.

At the close of trading, the local currency settled at 281.75, reflecting a gain of Rs. 0.02 compared to the previous session.

Seventeenth Consecutive Session of Appreciation

This marks the 17th consecutive trading session in which the rupee has gained against the greenback—one of the longest stretches of sustained strength seen this year. The steady performance indicates positive sentiment in the currency market and relative stability in demand and supply.

Weekly Performance

During the previous week, the rupee maintained its winning streak, appreciating by Rs. 0.13 or 0.05% against the US dollar in the inter-bank market.

According to the State Bank of Pakistan (SBP), the local currency closed at 281.77 on Friday, improving from 281.90 at the end of the prior week.

Market Outlook

Currency dealers note that the recent appreciation trend is supported by:

• Stable foreign exchange reserves held by the SBP.
• A moderate decline in import payments.
• Improved remittance inflows from overseas Pakistanis.

While the gains are modest, analysts suggest the rupee’s gradual strengthening helps maintain market confidence and could ease inflationary pressures linked to import costs.