The Pakistani Rupee (PKR) opened Thursday’s trading session on a steady note against the US Dollar (USD), reflecting stable market conditions in both interbank and open markets. Traders continue to monitor domestic economic developments and global cues, including the US Federal Reserve’s policy stance and ongoing trade uncertainty.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 282.90
- Selling Rate: PKR 283.40
Source: State Bank of Pakistan (SBP) indicative rates
Market Insight:
The interbank market opened slightly stronger compared to the previous close, suggesting stable dollar inflows and reduced pressure on the local currency. Commercial banks are expected to maintain cautious volumes ahead of the month-end settlements and upcoming economic data.
💵 Open Market – Opening Rates
- Buying Rate: PKR 285.00
- Selling Rate: PKR 286.00
Source: Forex dealers via forex.pk & hamariweb.com
Market Insight:
Open market rates remained elevated due to consistent demand for physical USD. Importers and remittance-related cash transactions continue to support higher prices in the open market. Dealers in Karachi and Lahore report active retail interest, though supply remains tight.
📊 Rate Comparison Table
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 282.90 | 283.40 | 0.50 | — |
| Open Market | 285.00 | 286.00 | 1.00 | ~PKR 2.60 |
🔍 Market Outlook
- The Rupee continues to show resilience in formal banking channels.
- A higher open-market premium highlights physical dollar demand and limited cash supply.
- Currency traders are watching the release of upcoming US macroeconomic data, which could influence dollar sentiment globally.
📌 Stay informed throughout the day with updates, charts, and analysis at www.dailyforex.pk.