The Pakistani Rupee (PKR) opened today’s trading session with a stable posture against the US Dollar (USD). Interbank channels reflect limited movement, while the open market continues to carry a typical premium, signalling continued demand for physical USD.
🏦 Interbank Market – Opening Rates
- Buying Rate: ~ PKR 282.55
- Selling Rate: ~ PKR 282.75
Based on mid-market benchmarks and historical data.
Market Insight:
The interbank spread remains narrow (around PKR 0.20), suggesting balanced liquidity and no significant immediate pressure on the Rupee. Formal banking channels appear calm at the start of the session.
💵 Open Market – Opening Rates
- Buying Rate: ~ PKR 283.65
- Selling Rate: ~ PKR 284.20
Estimated based on open-market quotations and historical premium.
Market Insight:
The open market opens at a premium of approximately PKR 1.10–1.65 over the interbank rates, indicating consistent demand for physical USD among cash-buyers, importers, and remittance receivers.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 282.55 | 282.75 | ~0.20 | — |
| Open Market | 283.65 | 284.20 | ~0.55 | ~PKR 1.10–1.65 |
🔍 Market Outlook
- The interbank market suggests stability with limited movement, reinforcing confidence in formal FX flows and liquidity.
- The open market premium remains moderate, indicating that while demand for physical USD persists, supply appears adequate for now.
- Key factors to monitor today include any large export-remittance flows, central-bank or fiscal announcements, and global USD momentum — any such triggers may cause intraday adjustments.
📌 For real-time rate updates, expert commentary, and the closing market report later this evening, please visit www.dailyforex.pk.