The Pakistani Rupee (PKR) began today’s trading session with mild depreciation pressure against the US Dollar (USD). Early interbank data shows a slightly weaker Rupee, while the open-market figures indicate continued demand from informal sectors, especially from importers and retail currency traders.
💱 Interbank Opening Rates (USD → PKR)
- Buying Rate: PKR 284.10
- Selling Rate: PKR 284.10
Source: HamariWeb State Bank–quoted interbank rate linkexchange.com.pk+3hamariweb.com+3hamariweb.com+3
💵 Open Market Opening Rates (USD → PKR)
- Buying Rate: PKR 285.35
- Selling Rate: PKR 285.35
Source: HamariWeb open-market update- Mid-market (Wise) today stands at PKR 285.10, confirming market sentiment investing.com+14wise.com+14hamariweb.com+14.
📈 Morning Market Snapshot:
- Interbank Stability: The single quoted rate suggests calm trading in formal channels with minimal volatility early in the session.
- Open-Market Demand: A PKR 1.25 premium illustrates ongoing USD demand among informal-sector traders and importers.
- Watchpoints: Market participants are watching for any cues from the State Bank of Pakistan (SBP), updates on forex reserves, and global influences like commodity price shifts or U.S. central bank policies.
📰 Stay tuned to www.dailyforex.pk for live tracking, expert commentary, and this evening’s Closing Market Report.