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Rupee Gains Against Top Currencies as Oil Meetings Continue in Islamabad

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WEB DESK

2 months ago

Rupee gains against top currencies continued on Monday as the Pakistani currency closed stronger against the US Dollar. The local currency maintained its positive trend for the 128th straight session in the interbank market.

The rupee settled at 279.16 against the dollar. It gained four paisas during the day. Market activity remained stable, showing growing confidence among traders.

Oil Meetings in Islamabad Support Market Sentiment

Experts say rupee gains against top currencies are linked to ongoing oil-related meetings in Islamabad. These discussions have helped stabilize expectations in the financial market.

Oil prices in the global market remained within last week’s range. Rates stayed between $98 and $116 per barrel. This stability has reduced pressure on the rupee.

Traders believe the market is cooling down as international currencies face pressure due to global political developments.

Strong Performance Against Major Currencies

Rupee gains against top currencies were also visible against other global currencies.

The rupee gained Rs. 2.76 against the British Pound and Rs. 1.56 against the Euro. This shows improved strength in the local currency.

It also increased by Rs. 2.42 against the Australian Dollar and Rs. 1.20 against the Canadian Dollar. These gains reflect a broader recovery trend.

Minor Gains Against Regional Currencies

Rupee gains against top currencies included small increases against regional currencies as well.

The rupee gained one paisa against the UAE Dirham and three paisas against the Saudi Riyal. Though small, these gains indicate steady improvement.

Currency Exchange Rate Table (PKR Performance)

Currency	25-Mar-2026	26-Mar-2026	27-Mar-2026	Change (+/–)
USD	279.2113	279.2015	279.1616	+0.0399
EUR	323.8013	322.4359	320.8683	+1.5676
GBP	374.0593	372.3990	369.6378	+2.7612
AUD	194.5405	193.7100	191.2815	+2.4285
MYR	70.4634	69.9228	69.2537	+0.6691
CNY	40.4669	40.4364	40.3853	+0.0511
CAD	202.5472	201.8519	200.6480	+1.2039
AED	76.0265	76.0239	76.0109	+0.0130
SAR	74.4048	74.4220	74.3895	+0.0325

Note: Positive change shows the Pakistani Rupee strengthened against these currencies.

Market Outlook Remains Positive

Analysts expect rupee gains against top currencies to continue if current conditions remain stable. Ongoing discussions with oil-producing countries may further support the currency.

Market watchers say investor confidence is improving. However, global factors and oil price movements will remain important in the coming days.

WEB DESK