The Pakistani Rupee (PKR) opened Thursday’s forex session on a steady note against the US Dollar (USD), reflecting balanced market sentiment and stable economic conditions. As traders continue to monitor developments related to external financing and upcoming fiscal announcements, the currency market begins the day with cautious optimism.
💱 Interbank USD to PKR Opening Rates (May 15, 2025):
- Buying Rate: PKR 279.55
- Selling Rate: PKR 279.80
The interbank market showed minimal change at the opening bell, signaling consistent dollar supply and controlled importer demand. Institutional flows remain within normal ranges as no major pressure builds on either side of the market.
💸 Open Market USD to PKR Opening Rates (May 15, 2025):
- Buying Rate: PKR 281.65
- Selling Rate: PKR 283.45
Open market activity reflects stable pricing, with dealers reporting moderate retail demand and smooth availability of USD across major cities.
📊 Forex Market Overview – May 15, 2025
- The PKR continues to perform in a tight trading range, supported by consistent remittance inflows and subdued speculative activity.
- Global oil prices remain stable, reducing pressure on Pakistan’s import bill and keeping FX reserves in a comfortable zone.
- Traders remain alert for global inflation data and fiscal policy cues from the Ministry of Finance ahead of budget season.
🔍 Key Market Drivers to Watch Today
- Progress on IMF funding rounds and possible statements from economic authorities.
- International focus on the US Dollar Index and upcoming economic indicators.
- Changes in regional geopolitical sentiment that could impact capital flows.
🔮 PKR Forecast for Today
The rupee is expected to remain range-bound, with minor intraday fluctuations based on market flows. Barring any external shocks, the currency is likely to maintain its ground through the session with a neutral to slightly positive bias.