The Pakistani Rupee (PKR) opened today’s session with modest firmness against the US Dollar (USD). Formal banking channels show little change, while the open market reflects a small premium — underlining steady demand for physical dollars.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.60
- Selling Rate: PKR 281.80
Market Insight:
The interbank spread remains narrow (~PKR 0.20), pointing to balanced liquidity and no major overnight shocks. The Rupee’s stability in the formal banking sector is a positive signal.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.90
- Selling Rate: PKR 283.30
Market Insight:
The open market opens with a premium of roughly PKR 1.10–1.50 over the interbank rate, reflecting continued demand for physical USD among importers, remittance recipients and retail buyers.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.60 | 281.80 | ~0.20 | — |
| Open Market | 282.90 | 283.30 | ~0.40 | ~PKR 1.10–1.50 |
🔍 Market Outlook
- The interbank market suggests stable conditions with no immediate pressure on the Rupee.
- The open-market premium indicates ongoing demand for physical USD, although the moderate gap implies supply is holding reasonably well.
- Key factors to watch today: external flows, remittances, any monetary policy commentary, and global USD strength—any of which could influence intraday movement.
📌 For real-time updates and intraday tracking check www.dailyforex.pk.