Business

Pakistani Rupee Strengthens for 85th Consecutive Day Against US Dollar

Pakistani Rupee Strengthens for 85th Consecutive Day Against US Dollar

The Pakistani rupee (PKR) continued its remarkable upward trend on Thursday, closing in green against the US Dollar (USD) for the 85th consecutive day. This ongoing positive streak highlights sustained investor confidence and stability in Pakistan’s currency markets.

During Thursday’s trading session, the PKR gained three paisas against the US Dollar, closing at 279.87 PKR/USD. Analysts noted that the rupee also posted gains against several other major global currencies, reflecting a broader improvement in exchange rate performance.

The continued appreciation comes amid steady inflows of foreign exchange, remittances from overseas Pakistanis, and a generally stable macroeconomic environment. Currency experts believe that this trend may provide some relief for importers and help contain inflationary pressures in the short term.

Market observers are watching closely to see whether the rupee can maintain its record-breaking streak in the coming days. The sustained gains against the USD mark one of the longest periods of consecutive appreciation in recent years, signaling strong market sentiment.

While the 85-day streak is impressive, economists caution that long-term stability will depend on consistent policy measures, foreign investment, and balanced trade flows. Nonetheless, the rupee’s performance continues to be a positive development for Pakistan’s financial markets.

Topics #city magazine #Currency News #Exchange Rates #News #Pakistan #Pakistan Finance #PKR #Trending Pakistan #US Dollar
Web Desk

Team of admins at the City Magazine