ISLAMABAD, Nov 2 (Wealth Pakistan): The Pakistani rupee remained largely stable during the week ending October 31, 2025, supported by steady foreign exchange reserves, consistent remittance inflows, and a smaller current account deficit that sustained investor confidence against major global currencies.
Weekly Performance
According to the State Bank of Pakistan (SBP), the US dollar traded at Rs280.7804 (buying) and Rs281.2122 (selling) on October 27, before easing slightly to Rs280.7304 and Rs281.1622 on October 28. The rupee held steady midweek, closing at Rs280.7210 and Rs281.1529 on October 29, and settled marginally lower at Rs280.6969 and Rs281.1288 by October 31.
Movement Against Major Currencies
Among major counterparts, the euro opened at Rs326.4320 (buying) and Rs326.9398 (selling) on October 27, strengthening to Rs327.3644 and Rs327.8733 on October 28 before easing to Rs326.5395 and Rs327.0476 on October 29. It closed the week lower at Rs324.6896 and Rs325.1943 on October 31.
The British pound followed a similar pattern, appreciating to Rs375.0170 and Rs375.6205 on October 28, then retreating to Rs371.5618 and Rs372.1448 on October 29, and ending weaker at Rs369.0394 and Rs369.6222.
The Saudi riyal remained stable within a narrow band, trading between Rs74.8703 and Rs74.9820 on October 27, and Rs74.8506 and Rs74.9599 by October 31. The Japanese yen showed limited movement, rising from Rs1.8348 and Rs1.8375 on October 27 to Rs1.8468 and Rs1.8496 on October 28, before easing to Rs1.8223 and Rs1.8250 by the end of the week. The Chinese yuan also maintained stability, fluctuating slightly between Rs39.4703 and Rs39.5218 on October 27, and Rs39.4595 and Rs39.5116 on October 31.
Market Analysis
Arif Habib Limited reported that the rupee appreciated by 0.04 percent against the US dollar during the week, closing around Rs280.9. The brokerage highlighted that the SBP conducted cumulative net foreign exchange interventions amounting to USD 8.4 billion between June 2024 and July 2025, including USD 189 million in July 2025 alone. These interventions played a key role in maintaining exchange rate stability.
Expert Opinion
Muhammad Bilal Ejaz, Research Analyst at Ismail Iqbal Securities, told Wealth Pakistan that the rupee’s strength in October reflected improved macroeconomic fundamentals. “The rupee appreciated through October, supported by stable policy rates and a smaller current account gap,” he said.
The current account posted a USD 110 million surplus in September 2025, compared to a USD 325 million deficit in the same month last year. The cumulative deficit for the first quarter of FY26 stood at USD 594 million, showing an overall improvement in external balances.