The Pakistani Rupee (PKR) started today’s session under mild depreciation pressure against the US Dollar (USD). Both interbank and open-market rates indicate consistent demand for USD, driven by informal trade and importer activity amid cautious market sentiment.
Interbank Opening Rates
- Buying Rate: PKR 280.05
- Selling Rate: PKR 280.05
Source: Daily Ausaf (Interbank) wise.com+6linkexchange.com.pk+6forex.pk+6mmnews.tv+3dailyausaf.com+3dailyausaf.com+3
Open Market Opening Rates
- Buying Rate: PKR 280.65
- Selling Rate: PKR 282.15
Sources: Daily Ausaf, UrduPoint dailyausaf.comdailyausaf.com+1dailyausaf.com+1
📈 Market Insight
- Interbank Stability: A single quoted rate reflects a balanced, low-volatility formal market environment.
- Open-Market Spread: A modest ~PKR 1.50 spread highlights ongoing USD demand, particularly among importers and informal market participants.
- Watchpoints: Traders are monitoring any statements from the State Bank of Pakistan, updates on foreign exchange reserves, and global economic cues—including oil price movements and U.S. Federal Reserve signals.
- Expected Range: Expect PKR to trade within PKR 280.0–283.0 across both interbank and open-market channels today, barring major global or policy developments.
📰 Stay tuned to www.dailyforex.pk throughout the day for live rate trackers