The Pakistani rupee (PKR) maintained its upward trajectory on Friday, appreciating for the 32nd consecutive day against the US dollar (USD). It gained three paisas to close at Rs280.82, marking a 0.01% day-on-day increase, according to data from the State Bank of Pakistan (SBP).
The PKR has now strengthened by 1.10% in FY26-to-date, supported by steady remittance inflows, tighter fiscal control, and a decline in import payments. Analysts also point to the US economic slowdown and global dollar weakness as key factors behind the rupee’s sustained rise.
An interbank market analyst said,
“The rupee’s performance reflects improved investor confidence and reduced pressure on foreign exchange reserves. Continued inflows could help maintain this stability.”
During the day’s trading, the rupee showed mixed performance against other major currencies in the interbank market
| Currency | 05-Nov | 06-Nov | 07-Nov | Change (+/–) |
| USD | 280.8644 | 280.8539 | 280.8228 | +0.0311 |
| EUR | 322.8256 | 323.3611 | 324.0274 | –0.6663 |
| GBP | 366.2051 | 366.9356 | 368.5659 | –1.6303 |
| AUD | 182.4355 | 182.9061 | 182.1136 | +0.7925 |
| CAD | 199.0535 | 199.1518 | 198.9605 | +0.1913 |
| CNY | 39.4132 | 39.4328 | 39.4292 | +0.0036 |
| MYR | 67.0001 | 67.1498 | 67.2388 | –0.0890 |
| AED | 76.4673 | 76.4644 | 76.4560 | +0.0084 |
| SAR | 74.8892 | 74.8864 | 74.8741 | +0.0123 |
The rupee remained stable against the UAE Dirham (AED) and Saudi Riyal (SAR) while gaining against the Australian Dollar (AUD) and Canadian Dollar (CAD). However, it lost value against the Euro (EUR) and British Pound (GBP).
Economists expect the rupee’s positive trend to continue in the near term, driven by controlled imports, a stable external account, and strong remittance inflows.
