The Pakistani Rupee (PKR) opened the week with modest stability against the US Dollar (USD), showing little movement in formal banking channels while the open market maintains a modest premium—reflecting ongoing demand for physical dollars.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.30
- Selling Rate: PKR 281.95
Market Insight:
The interbank market opened with minimal spread and virtually no change from the prior session, suggesting good liquidity and no immediate pressure on the PKR from banking-channel flows.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.80
- Selling Rate: PKR 283.20
Market Insight:
The open market continues to trade at a small premium over the interbank rate (~PKR 1.50), indicating persistent demand for physical USD—especially from importers, remittance receivers and retail currency buyers.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.30 | 281.95 | ~0.65 | — |
| Open Market | 282.80 | 283.20 | ~0.40 | ~PKR 1.10–1.25 |
🔍 Market Outlook
- The stability in the interbank market suggests that formal FX flows are in balance, with no major overnight disruptions.
- The open-market premium continues to reflect physical USD demand, though the gap is not widening significantly—indicating adequate supply for now.
- Traders and businesses should remain alert to global USD dynamics, remittance trends, and any policy or monetary announcements which could shift sentiment and cause intraday movement.
📌 For real-time updates, intraday rate monitoring and the closing market report, visit www.dailyforex.pk.