Rupee Appreciates 34th Day in a Row Against US Dollar As Markets Ignore Politics

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) 34th day in a row on Tuesday. It also posted gains against most of the other major currencies during today’s session. The PKR appreciated by 0.01 percent DoD and closed at 280.7 after gaining three paisas against the US Dollar today. On a fiscal year-to-date basis (FYTD), the PKR has gained 1.12 percent against the US Dollar. PKR is up after the Senate on Monday approved the 27th Constitutional Amendment Bill 2025 with a two-thirds majority. 64 members voted in favour of the bill, while none opposed it. “The bill is hereby passed,” he declared. The PKR was green against most of the other major currencies in the interbank market today. It was stable against the UAE Dirham (AED) and also the Saudi Riyal (SAR). Meanwhile, it gained 25 paisas against the Canadian Dollar (CAD). The rupee gained 25 paisas against the Australian Dollar (AUD) in today’s interbank currency market. It gained 30 paisas against the Euro (EUR) and 85 paisas against the British Pound (GBP).