The Pakistani Rupee (PKR) began today’s interbank session with a modest depreciation against the US Dollar (USD), as global markets await critical US CPI data. Meanwhile, the open-market continues to reflect elevated demand for foreign currency.
🔹 Interbank Opening Rates
- Buying Rate: PKR 284.55
- Selling Rate: PKR 285.05
Source: HamariWeb via State Bank data investing.com+6hamariweb.com+6hamariweb.com+6
🔹 Open-Market Opening Rates (Karachi & Major Cities)
- Rate: PKR 288.50 (Buying & Selling)
Source: HamariWeb open-market update
📈 Morning Market Commentary
- Interbank Spread (~PKR 0.50): Indicates controlled formal-channel trading.
- Open-Market Premium (~PKR 3.45): Reflects strong USD demand from importers and informal traders.
- Watchlist Today:
- The US CPI inflation release (June data) could significantly move the exchange rate.
- Global risk factors and domestic liquidity conditions may also influence intra-day volatility.
- Expected Intraday Range: PKR 285.0–289.0 across interbank and open-market trades.
📰 Stay tuned to www.dailyforex.pk for live rate updates, expert commentary, and tonight’s Closing Market Report.