KARACHI: The Pakistani rupee ended slightly stronger against the US dollar in the interbank market on Tuesday.The rupee closed at 278.37 per dollar, up from its previous close of 278.4.
Dealers said the local currency gained ground due to a better availability of dollars, buoyed by greenback sales from exporters and remittances. In addition, the decline in global energy prices boosted market sentiment.
Chase Securities said in a client note that the improving geopolitical backdrop has also translated into softer international oil prices, providing relief to oil-importing economies such as Pakistan.
“Lower oil prices are positive for Pakistan’s external account outlook, inflation trajectory, and fiscal position,” it said.Analysts at Topline Securities expect the rupee to weaken to 283-286 against the dollar by December 2026.
Around 39 per cent of respondents expect the rupee/dollar parity to be in the range of Rs285-290 by the end of next fiscal year,” said Topline, citing a poll.Another 36 per cent foresee the exchange rate staying between 280 and 285, while 15 percent expect the rupee to strengthen further to Rs275-280,” the poll showed.Only 7.0 pervcent anticipate the exchange rate exceeding 290. Overall, the survey reflects a broadly stable rupee outlook, it added.
