The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 139th consecutive day on Tuesday.
It is for the first time in almost two years that the PKR has risen to 278/$. This level was last seen in March-June 2024, research showed.
Meanwhile, it posted losses against most of the other major currencies during today’s session. The PKR closed at 278.97 after gaining three paisas against the US Dollar today.
The PKR last consistently closed around the 278 per USD level in March-June 2024, when interbank rates hovered in a narrow band near that mark following temporary stabilization in external inflows and IMF-linked reforms.
After that phase, the currency largely traded above 278 through 2025 due to a lot of pressure from imports and external financing gaps.
Its return to around 278 in April 2026 means the rupee has come back to its mid-2024 stability zone after roughly 22–24 months.
