The Pakistani Rupee (PKR) opened Saturday’s trading session stable against the US Dollar (USD), with the currency maintaining a tight range as the market enters the weekend. Traders remain focused on fiscal policy expectations and upcoming budgetary developments, while the rupee continues to show resilience in the interbank and open markets.
💱 Interbank USD to PKR Opening Rates (May 24, 2025):
- Buying Rate: PKR 279.95
- Selling Rate: PKR 280.20
The interbank market started the day with minimal change, supported by steady foreign inflows and subdued corporate demand. No abnormal fluctuations were reported in early trading.
💸 Open Market USD to PKR Opening Rates (May 24, 2025):
- Buying Rate: PKR 282.15
- Selling Rate: PKR 283.95
The open market remains calm, with routine demand for USD coming from travelers and small importers. Exchange dealers report healthy availability and balanced supply conditions.
📊 Forex Market Overview – May 24, 2025
- The rupee continues to trade within a narrow and stable range, supported by consistent remittance inflows and limited speculative activity.
- With the federal budget drawing closer, the forex market is showing restraint, awaiting clear signals on tax measures, borrowing, and development spending.
- Globally, the US Dollar remains steady, offering no major pressure on emerging market currencies like the PKR.
🔍 Key Drivers to Watch Today
- Pre-budget discussions and policy signals from the Ministry of Finance.
- News related to the IMF program or external debt servicing commitments.
- Global market movements, especially in oil prices and USD strength.
🔮 PKR Outlook for Today
The Pakistani Rupee is likely to remain range-bound and stable throughout the day. With no immediate external or domestic volatility expected, the market tone remains neutral heading into the weekend.
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