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Rupee stays firm amid higher reserves and steady dollar demand

ISLAMABAD, October 26 (Wealth Pakistan): The Pakistani rupee remained largely stable during the week ending October 24, 2025, as consistent remittance inflows and improved foreign exchange reserves helped maintain equilibrium against major global currencies.

Stable trading through the week

According to State Bank of Pakistan (SBP) data, the US dollar opened the week at Rs280.8570 (buying) and Rs281.2889 (selling) on October 20. The exchange rate showed little movement over the following days, trading at Rs280.8512 and Rs281.2830 on October 21 and Rs280.8414 and Rs281.2733 on October 22.

The rupee stayed range-bound toward the week’s end, quoted at Rs280.7831 and Rs281.2150 on October 23, and closing slightly lower at Rs280.7713 and Rs281.2032 on October 24.

Mixed movement among key currencies

The euro began the week at Rs327.6398 (buying) and Rs328.1488 (selling) and fell gradually to Rs325.6520 and Rs326.1580 by October 23. It ended the week at Rs325.9075 and Rs326.4348.

The British pound followed a similar pattern, slipping from Rs377.1200 and Rs377.7144 on October 20 to Rs374.0287 and Rs374.6140 by October 24.

The Chinese yuan remained almost unchanged throughout the week, recorded at Rs39.4187 and Rs39.4703 on October 20 and Rs39.4061 and Rs39.4581 on October 24. The Saudi riyal traded in a tight band, closing at Rs74.8653 (buying) and Rs74.9773 (selling). The Japanese yen also showed minimal movement, ending the week at Rs1.8360 and Rs1.8388.

Reserves improve as confidence strengthens

As per Arif Habib Limited, Pakistan’s foreign exchange reserves with the SBP rose to USD 14.45 billion, showing a weekly increase of USD 14.4 million. The firm noted that the rupee closed around Rs281.02 per US dollar, reflecting overall week-on-week stability.

AKD Securities reported a similar trend, stating that the rupee appreciated slightly by 0.03 percent on a weekly basis, settling near Rs281 per dollar.

Market analysts said the currency’s stability reflects a balanced external position supported by healthy remittance inflows and controlled import demand. Improved investor sentiment was also evident, driven by higher reserves and expectations of continued inflows under ongoing financial support programs.

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