The Pakistani Rupee (PKR) opened today’s trading session with mild depreciation pressure against the US Dollar (USD). Early interbank data indicates a moderate weakening, while open-market figures reflect firm USD demand driven by informal trade and import activity.
🔹 Interbank Opening Rates (USD → PKR)
- Buying Rate: PKR 284.85
- Selling Rate: PKR 284.85
Source: HamariWeb via State Bank–quoted data State Bank of Pakistan+7Hamariweb.com+7FOREX.pk+7
🔹 Open-Market Opening Rates (USD → PKR)
- Buying Rate: PKR 287.50
- Selling Rate: PKR 287.50
Source: FOREX.pk open-market update FOREX.pk+1FOREX.pk+1
📈 Morning Market Insights
- Interbank Stability: A flat, single-quoted interbank rate suggests a controlled, low-volatility environment in formal trading channels.
- Open-Market Premium: A sizeable PKR 2.65 spread highlights strong USD demand in the informal market—likely from importers, remittance flows, and retail currency traders.
- Watchlist: Traders are eyeing any communication from the State Bank of Pakistan, updates on foreign reserves, and global economic cues like oil-price movements and US Federal Reserve signals.
- Expected Range: In the absence of significant market-moving news, PKR is expected to trade between PKR 284.5–287.5 across both interbank and open-market channels today.
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