The Pakistani Rupee (PKR) opened Monday’s trading session with a slight appreciation against the US Dollar (USD), reflecting continued stability in the forex markets. Both the interbank and open markets showed minimal changes, indicating balanced demand and supply dynamics.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 282.45
- Selling Rate: PKR 282.95
Source: State Bank of Pakistan
Market Insight:
The interbank market opened with a narrow spread of PKR 0.50, suggesting balanced liquidity conditions. The slight appreciation of the PKR indicates steady inflows and controlled demand for USD in formal banking channels.
💵 Open Market – Opening Rates
- Buying Rate: PKR 284.00
- Selling Rate: PKR 285.00
Source: Forex.com.pk
Market Insight:
The open market opened with a consistent premium over interbank rates, reflecting sustained demand for physical USD. This premium is typical in retail and cash-based transactions, indicating active participation from importers, remittance recipients, and retail buyers.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 282.45 | 282.95 | 0.50 | — |
| Open Market | 284.00 | 285.00 | 1.00 | ~PKR 1.55 |
🔍 Market Outlook
- The interbank market shows stability with minimal volatility, suggesting a controlled forex environment.
- The open market premium indicates continued demand for physical USD, driven by import activities and cash transactions.
- Traders and investors are advised to monitor upcoming economic indicators and global market trends, as these factors could influence the USD/PKR exchange rate in the near term.
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