Pakistani Rupee Extends Winning Streak, Marks 13th Consecutive Gain Against US Dollar

August 26, 2025

KARACHI: The Pakistani rupee continued its upward trajectory in the inter-bank market on Tuesday, posting its 13th consecutive gain against the US dollar.

At close, the local unit settled at 281.86, appreciating by Re0.01 compared to Monday’s closing of 281.87.

The sustained recovery has been attributed to improved market sentiment and an ongoing crackdown on illegal currency dealers and smuggling, which has helped stabilize inflows and curtail speculative pressure.

On the global front, the US dollar retreated in Asian trade after President Donald Trump announced the removal of Federal Reserve Governor Lisa Cook over alleged mortgage fraud. The move sparked concerns over the Fed’s independence, causing the dollar index to slip 0.3% to 98.187.

US Treasury yields reacted sharply, with the 2-year yield falling to 3.694%, while the 30-year yield rose to 4.922%. Meanwhile, global oil prices eased, with Brent crude down 0.7% at $68.29 per barrel and WTI at $64.23, after recent gains driven by Ukraine-Russia tensions.

The rupee’s resilience reflects a combination of domestic enforcement measures and global dollar weakness, supporting its consistent performance in recent sessions.