The Pakistani Rupee (PKR) opened today’s trading session with relative stability against the US Dollar (USD). Both the interbank and open markets reflect a steady tone, with only minor variations from previous days.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR ≈ 281.30
- Selling Rate: PKR ≈ 281.60
Based on latest mid-market indicators for USD/PKR of approximately 282.63.
Market Insight:
The interbank market opened with a very narrow spread of around PKR 0.30, suggesting balanced liquidity and no major demand or supply pressures from formal banking channels at the outset.
💵 Open Market – Opening Rates
- Buying Rate: PKR ≈ 282.40
- Selling Rate: PKR ≈ 283.00
Estimated premium over interbank level based on historical premium behaviours.
Market Insight:
The open market continues to trade at a modest premium of roughly PKR 0.80–1.40 above the interbank benchmark, reflecting sustained demand for physical USD from retail buyers, remittance recipients, and importers.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | ~ 281.30 | ~ 281.60 | ~ 0.30 | — |
| Open Market | ~ 282.40 | ~ 283.00 | ~ 0.60 | ~ PKR 0.80–1.40 |
🔍 Market Outlook
- The interbank market shows an absence of volatile movement this morning, suggesting that formal flows are relatively stable.
- The open market premium remains moderate, indicating that while physical USD demand continues, it has not intensified dramatically.
- Key watch-points today will include global USD dynamics, any major remittance flows, and domestic policy or liquidity announcements that could trigger movement in either channel.
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