The Pakistani rupee gained 0.07 % in early inter-bank trading Monday and surged to 280.23 per US dollar — up Re0.19 from the previous day. The modest uptick came after the rupee ended last week at 280.42, slightly stronger than 280.52 the prior week.
The widening expectation of a rate cut by the Federal Reserve (Fed) is helping to soften dollar strength globally, which may be offering support to the rupee and other emerging-market currencies.
Currency Converter
When the Fed shifts toward looser monetary policy, demand for dollar-denominated assets tends to ease — reducing pressure on dollar exchange rates and often triggering capital flows toward emerging markets. Pakistani Rupee Strengthens Again
At the same time, oil prices remain robust — with Brent crude near two-week highs as investors price in growth from easier US monetary policy. That could affect Pakistan’s import bill and foreign-exchange dynamics ahead.
The modest rupee strengthening may signal short-term relief but the broader trend remains fragile. As the Fed decision looms and global capital flows respond, volatility in PKR-USD rates could return.
