đ”đ° PKR Shines: 55 Days of Straight Gains! đ
The Pakistani Rupee (PKR) continues its impressive rally, closing at 280.41 per USD, marking 55 consecutive days of gains! This streak signals strong market confidence despite global currency volatility. đč
đ Key Moves:
âĄïž Biggest gain vs CAD: +Rs. 2.49
âĄïž Minor gains vs EUR, AUD, AED
âĄïž Stable vs GBP, SAR
đ Why PKR Is Rising:
â Controlled USD demand
â Boosted remittances & exports
â Stronger market confidence
â Crackdown on illegal FX trade
đĄ Market Impact:
đ” Lower import & fuel costs
đ Reduced inflation pressure
đ Stronger investor confidence & stability
đź Outlook:
PKR could maintain its strength if USD demand stays low, reforms continue, and global markets remain stable. â ïž Watch out for geopolitical shocks or oil price spikes that could affect the streak.
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