The Pakistani Rupee (PKR) opened today’s trading session against the US Dollar (USD) with modest movement. Formal interbank channels appear stable, while the open-market continues to trade at a small premium, indicating ongoing demand for physical USD.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.40
- Selling Rate: PKR 281.60
Market Insight:
The interbank market opened with a narrow spread (~PKR 0.20), suggesting decent liquidity and minimal overnight disruptions. The rate implies the Rupee remains steady in formal channels.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.70
- Selling Rate: PKR 283.20
Market Insight:
The open market opens with a premium of roughly PKR 1.10–1.60 over the interbank level, reflecting sustained demand for US Dollars in cash/retail segments, such as importers and remittance converters.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.40 | 281.60 | ~0.20 | — |
| Open Market | 282.70 | 283.20 | ~0.50 | ~PKR 1.10–1.60 |
🔍 Market Outlook
- The interbank market’s narrow spread and stable rate suggest limited immediate pressure on the Rupee from formal flows.
- The open market premium signals that demand for physical USD remains active, though the gap is moderate, indicating supply is relatively sufficient.
- Upcoming factors to watch include global USD sentiment, foreign‐exchange inflows, and any domestic monetary announcements that might shift the rate.
- Traders and businesses should stay alert to any intraday volatility, especially from external exits or large import payments.
📌 For real-time updates, expert analysis, and the closing market report later today, visit www.dailyforex.pk.