The Pakistani Rupee (PKR) opened Tuesday’s trading session with a stable outlook against the US Dollar (USD), as markets await key inflation data and global macroeconomic developments. Early quotes from both the interbank and open markets indicate mild volatility, with the Rupee maintaining a cautious tone after recent gains.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 282.75
- Selling Rate: PKR 283.25
Source: State Bank-reported indicative rates
Overview:
The interbank market opened with a narrow spread of just 50 paisa, signaling continued stability in official exchange channels. Market participants appear to be in a wait-and-see mode ahead of upcoming inflation indicators and US economic policy announcements. Dollar supply from exporters and remittance flows helped stabilize early sentiment.
💵 Open Market – Opening Rates
- Buying Rate: PKR 285.50
- Selling Rate: PKR 286.55
Source: Forex.pk, based on open market dealer reports
Overview:
The open market opened at a premium of over PKR 3.00 compared to interbank, reflecting steady retail and importer demand for USD. Currency dealers report limited availability of physical dollars, sustaining the higher rate in cash transactions. Demand remains strong in metropolitan hubs like Karachi, Lahore, and Islamabad.
📊 Market Snapshot
| Market Type | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 282.75 | 283.25 | 0.50 | — |
| Open Market | 285.50 | 286.55 | 1.05 | ~PKR 3.30 |
🔍 Outlook for the Day
- Traders will be watching for the release of US inflation data and any comments from the Federal Reserve that could impact global USD flows.
- In Pakistan, attention remains on remittance inflows, oil payments, and budget-related fiscal updates that may guide near-term exchange rate moves.
- A stable Rupee at open signals temporary calm, but volatility could return if external pressures emerge.
📌 Stay connected with www.dailyforex.pk for real-time USD/PKR updates, expert commentary, and closing market coverage later today.