The Pakistani Rupee (PKR) opened today’s session holding steady against the US Dollar (USD). Formal and informal markets reflect cautious sentiment, with the open market showing the usual premium for physical dollar demand.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.05
- Selling Rate: PKR 281.55
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.75
- Selling Rate: PKR 282.95
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.05 | 281.55 | 0.50 | — |
| Open Market | 282.75 | 282.95 | 0.20 | ~PKR 1.20 |
🔍 Market Outlook & Notes
- The interbank market remains relatively stable, reflecting limited overnight volatility.
- The open market premium of about PKR 1.20 over interbank indicates continued demand for physical USD among retailers, importers, and remittance holders.
- Watch points for today include global USD strength, domestic liquidity conditions, and any policy moves by the State Bank.
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