The Pakistani Rupee (PKR) opened Friday’s trading session with a slight appreciation against the US Dollar (USD), following a marginal decline in the previous day’s interbank market. The open market continued to reflect a premium over interbank rates, indicating sustained demand for physical USD.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 282.65
- Selling Rate: PKR 283.01
Source: State Bank of Pakistan
Market Insight:
The interbank market opened with a narrow spread of PKR 0.36, suggesting balanced liquidity conditions. The slight appreciation of the PKR indicates moderate demand for USD in formal banking channels, with no significant volatility observed at the start of the trading day.
💵 Open Market – Opening Rates
- Buying Rate: PKR 283.20
- Selling Rate: PKR 285.00
Source: Forex.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 | 282.65 | 283.01 | 0.36 | — |
| Open Market | 283.20 | 285.00 | 1.80 | ~PKR 0.55 |
🔍 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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