The Pakistani Rupee (PKR) opened today’s trading session against the US Dollar (USD) with relative stability in formal channels. The interbank rate remains steady, while open-market (cash) rates reflect a small premium — typical given demand for physical USD.
🏦 Interbank Market Rates
- Buying Rate: PKR 280.45
- Selling Rate: PKR 280.95
- Market Insight: The unchanged interbank rate reflects balanced liquidity. There is little volatility in banks’ book rates at the start of today’s session.
💵 Open Market Rates
- Buying Rate: ~ PKR 281.45
- Selling Rate: ~ PKR 281.60
- Market Insight: The open-market rate is slightly above interbank — reflecting mild demand for cash-USD, possibly from retail buyers and importers converting remittances or preparing for payments.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate (PKR) | Selling Rate (PKR) | Approx. Spread / Premium |
|---|---|---|---|
| Interbank | 280.45 | 280.95 | — |
| Open Market | 281.45 | 281.60 | ~PKR 0.50–1.00 (vs interbank) |
🔍 Market Outlook
- The interbank rate shows calm conditions, indicating no major FX-flow disruptions in formal banking channels.
- The modest premium in the open market suggests demand for cash USD remains, but supply appears adequate at this time.
- Key watch-points today: any significant remittance inflows, import financing demands, or external-account developments — all of which could shift sentiment and impact the PKR.
Stay Updated with Daily Forex Market and news, Visit: www.dailyforex.pk