The Pakistani Rupee (PKR) opened Friday’s trading session with modest depreciation pressure against the US Dollar (USD). Early interbank and open‑market rates reflect continued USD demand from both institutional and informal sectors.
💱 Interbank Opening Rates (USD → PKR)
- Buying Rate: PKR 283.85
- Selling Rate: PKR 284.35
Source: HamariWeb via SBP interbank data bloomberg.com+8hamariweb.com+8hamariweb.com+8
💵 Open Market Opening Rates (USD → PKR)
- Buying Rate: PKR 285.50
- Selling Rate: PKR 286.40
Source: HamariWeb & Daily Ausaf open‑market update hamariweb.comarynews.tvdailyausaf.com+1dailyausaf.com+1
📈 Morning Market Insight
- Interbank Spread (~PKR 0.50): Suggests controlled trading activity in formal channels.
- Open‑Market Premium (~PKR 0.90): Reflects sustained USD demand—likely led by importer activity and remittance flows.
- Watchlist: Traders are monitoring the State Bank of Pakistan’s communication, forex reserves impact, and global signals such as oil prices and Fed commentary.
- Expected Intraday Range: In the absence of fresh market-moving news, expect the PKR to trade between PKR 284.0–286.5 across both markets.
📰 Stay tuned to www.dailyforex.pk throughout the day for live rate updates, expert commentary, and tonight’s Closing Market Report.