The Pakistani Rupee (PKR) ended Thursday’s trading session on a slightly stronger note against the US Dollar (USD) in the interbank market, while the open market continued to reflect firm demand for physical dollars. The exchange rate showed stability across both markets amid cautious sentiment and balanced supply-demand dynamics.
🏦 Interbank Market – Closing Rates (July 31, 2025)
- Buying Rate: PKR 282.87
- Selling Rate: PKR 283.37
Source: State Bank of Pakistan via Mettis Global
Commentary:
The Rupee gained 8 paisa from the previous session, closing on a slightly stronger footing. The narrow spread of PKR 0.50 reflects a well-balanced trading environment, with no unusual volatility or speculative spikes observed during the session.
💵 Open Market – Closing Rates (July 31, 2025)
- Buying Rate: PKR 285.10
- Selling Rate: PKR 285.60
Source: Forex dealers via Forex.pk and Hamariweb.com
Commentary:
In the open market, USD/PKR remained higher than interbank levels, closing with a consistent premium of around PKR 1.70–1.80. This gap highlights sustained demand for USD notes, particularly from importers, travelers, and remittance recipients. Dealers reported moderate volumes and steady cash demand in major cities.
📊 Summary Comparison Table
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 282.87 | 283.37 | 0.50 | — |
| Open Market | 285.10 | 285.60 | 0.50 | ~PKR 1.70–1.80 |
🔍 Key Takeaways
- The interbank market showed mild PKR appreciation, signaling stable liquidity conditions.
- Open market rates remained firm, indicating continued demand for physical USD.
- The overall forex environment remains calm, with attention turning to international macroeconomic events and domestic import trends.
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