Pakistani rupee remains strong against dollar as interbank market steadies

KARACHI (Web Desk) – The Pakistani rupee maintained its strength against the US dollar in the interbank market on Tuesday, while the open currency market saw the dollar hold steady.

Several factors contributed to the rupee’s resilience. During November, $188 million in new inflows arrived through Roshan Digital Accounts, while official foreign reserves reached their highest level in over four and a half years.

Government forecasts indicate reserves could hit $1.78 billion by June 2026, and foreign inflows are expected to rise further in the coming half-year.

Improved supply and routine payments for external loans and imports, along with projected remittances of $40 billion in 2026, kept the rupee strong throughout the trading session.

At one point, the dollar dipped 21 paisa to Rs280.10 in the interbank market. By the end of the day, it closed at Rs280.30, a slight 1-paisa decrease. Meanwhile, the dollar remained unchanged at Rs281.35 in the open market.

The rupee’s stability was also supported by IMF loan disbursements, which raised official foreign reserves to $15.8 billion. Market analysts noted that forecasts of GDP growth between 3.25% and 4.25% for fiscal year 2026 contributed positively to investor confidence.

Overall, the combined effect of improved supply, inflows, and macroeconomic forecasts helped the rupee stay firm against the dollar, reflecting steady market sentiment amid cautious optimism.