The Pakistani Rupee (PKR) opened Friday’s session with mild depreciation against the US Dollar (USD). Early trading data reflects a slightly weaker interbank rate, while the open-market figures show firm demand from importers and currency traders. The market remains alert to any cues from the State Bank of Pakistan and federal reserve data.
💱 Interbank Opening Rates (USD → PKR):
- Rate: PKR 280.05
Source: Daily Ausaf interbank update wise.com+8forex.pk+8forex.pk+8hamariweb.com+2dailyausaf.com+2dailyausaf.com+2
💵 Open Market Opening Rates (USD → PKR):
- Buying Rate: PKR 280.65
- Selling Rate: PKR 282.15
Source: Daily Ausaf open-market data dailyausaf.com+1dailyausaf.com+1
📈 Morning Market Snapshot:
- Formal (Interbank): A single quoted rate suggests stable early-session trading, with limited volatility.
- Informal (Open-Market): A spread of ~PKR 1.50 highlights steady USD demand, likely led by corporate and import-related flows.
- Key Watchpoints: Focus will be on SBP rate communications, foreign reserve disclosures, and global factors such as oil price movements and Federal Reserve updates.
- Expected Trading Range: Absent significant developments, the PKR is likely to trade within PKR 280.0–283.0 in both interbank and open-market sessions today.
📰 Stay tuned to www.dailyforex.pk for live exchange-rate tracking, expert analysis, and this evening’s Closing Market Report.