The Pakistani Rupee (PKR) began today’s session with a mild retreat against the US Dollar (USD). Early interbank and open-market data signal increasing demand for foreign currency, as importers and traders adjust to prevailing economic conditions. The State Bank of Pakistan (SBP) and market watchers remain alert to any shifts in forex reserves or policy commentary.
💱 Interbank USD to PKR Opening Rates (June 24, 2025):
- Rate: PKR 284.10
(Source: HamariWeb State Bank–quoted interbank rate) hamariweb.com+12hamariweb.com+12hamariweb.com+12
💵 Open Market USD to PKR Opening Rates (June 24, 2025):
- Rate: PKR 283.25
(Source: HamariWeb open-market update)
📈 Morning Market Snapshot:
- Interbank Pressure: At PKR 284.10, the formal channel shows a slightly weaker PKR, hinting at modest selling pressure in the early session.
- Open Market Dynamics: The PKR 0.85 discount in the informal market suggests cautious balance—possibly due to import transactions or opportunistic trading.
- Key Factors to Monitor: Traders are focusing on SBP statements, any forex reserve disclosures, and global cues like oil prices or US monetary policy hints.
- Expected Range Today: If no fresh macroeconomic developments arise, analysts anticipate the PKR to trade within 283.0–285.5 across both interbank and open-market segments.
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