The Pakistani Rupee (PKR) opened Friday’s trading session with a slight appreciation against the US Dollar (USD), continuing its positive momentum from the previous day. The interbank market showed a marginal gain, while the open market maintained a consistent premium over interbank rates, indicating steady demand for physical USD.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.23
- Selling Rate: PKR 281.43
Market Insight:
The interbank market opened with a narrow spread of PKR 0.20, suggesting balanced liquidity conditions. The slight appreciation of the PKR indicates moderate demand for USD in formal banking channels, with minimal volatility observed at the start of the trading day.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.90
- Selling Rate: PKR 283.50
Market Insight:
The open market opened with a consistent premium over interbank rates, reflecting continued demand for physical USD. Retail buyers, importers, and remittance recipients contribute to this ongoing premium, signaling healthy market activity.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.23 | 281.43 | 0.20 | — |
| Open Market | 282.90 | 283.50 | 0.60 | ~PKR 1.47 |
🔍 Market Outlook
- Interbank market shows stability with minimal volatility, indicating a controlled forex environment.
- Open market premium suggests sustained demand for USD cash, driven by import and remittance activity.
- Traders should watch for upcoming economic indicators, including global market developments, which could influence the USD/PKR rate throughout the day.
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