ISLAMABAD – August 5, 2025 — The Pakistani rupee extended its winning streak against the US dollar for the ninth consecutive session on Monday, continuing a rare spell of stability in the interbank market. However, that resilience didn’t translate across the board, as the local currency struggled against most other major currencies.
The rupee ended the day at Rs. 282.65 per dollar, gaining six paisas or 0.07% compared to the previous close. This level held steady through most of the trading session, reflecting a cautious yet consistent upward trend.
In the open market, dollar quotes ranged between Rs. 283 and Rs. 285, with some sellers in Islamabad reportedly demanding up to Rs. 285 per dollar, indicating lingering volatility despite the interbank calm.
Mixed Performance Across Global Currencies
While the rupee managed to stay afloat against the greenback, it couldn’t maintain the same momentum against other international currencies.
The British Pound saw significant movement, climbing as high as Rs. 382 in the open market, according to multiple exchange counters. The Exchange Companies Association of Pakistan (ECAP) reported the pound being bought at Rs. 380, highlighting ongoing pressure on the rupee in non-dollar trades.
Interbank data showed the rupee dropping Rs. 2.53 against the pound and taking a Rs. 4.05 hit against the euro, which was among the steepest losses of the day.
Losses continued with the Australian dollar, which gained Rs. 1.17, and the Canadian dollar, up Rs. 1.29. These declines point to a broader trend of rupee weakness in cross-currency exchange, possibly tied to global demand and domestic market sentiment.
Minor Gains in Gulf Currencies
There were small silver linings elsewhere. The rupee inched up by one paisa each against the UAE dirham and the Saudi riyal, reflecting relative stability in Gulf-related currency flows, often supported by remittances.
Year-to-Date Snapshot
Despite the short-term gains against the dollar, the rupee has still depreciated by 1.30% in the fiscal year to date. The recent recovery might bring temporary relief, but broader currency pressures remain evident.
