As of the latest exchange rate, the rupee closed at 280.07, showing a slight 0.04% decline on a day-to-day basis.

The last time the rupee traded above 280/$ was in January 2024. Over the past week, the currency continued its steady decline, losing Rs0.30 (0.11%) in the interbank market. According to the State Bank of Pakistan (SBP), the rupee ended at 279.97/$, compared to 279.67/$ the previous week.

The rupee has depreciated by 0.14% month-to-date and 0.54% year-to-date. Since the beginning of the fiscal year, it has weakened by 0.62%, according to AHL data.

The historical trend reveals a sharp depreciation in late 2023, followed by relative stability in mid-2024, before the currency resumed its gradual decline. This recent depreciation points to renewed pressure on Pakistan s external sector, driven by increasing imports and financial outflows.