The Pakistani Rupee (PKR) opened Wednesday’s trading session on a firm note against the US Dollar (USD), with both the interbank and open markets reflecting stable trends. Investors and traders continue to monitor economic cues and global developments, including inflation expectations and trade policy changes.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 283.30
- Selling Rate: PKR 283.80
Source: Indicative rates via SBP
Market Insight:
The interbank session opened with mild stability, following the previous day’s cautious tone. Banks and financial institutions are observing a wait-and-see approach, with no major shifts expected until further macroeconomic data is released.
💵 Open Market – Opening Rates
- Buying Rate: PKR 285.20
- Selling Rate: PKR 286.20
Source: Forex dealers (forex.pk / hamariweb.com)
Market Insight:
The open market opened higher than the interbank, maintaining a premium of roughly PKR 1.40. This reflects continued physical demand for US Dollars in the cash-based market. Demand is being driven by remittance conversions and importer buying, especially in urban hubs like Karachi and Lahore.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 283.30 | 283.80 | 0.50 | — |
| Open Market | 285.20 | 286.20 | 1.00 | ~PKR 1.40 |
🔍 Summary
- The Rupee opened stable across markets, supported by low volatility and a calm global environment overnight.
- The open market premium indicates healthy demand for physical USD despite overall Rupee firmness.
- Markets await upcoming macroeconomic indicators, including US inflation and local import/export data, for further direction.
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