The Pakistani Rupee (PKR) opened today’s trading session with mild depreciation against the US Dollar (USD). Interbank channels show a modest weakening, while the open-market reflects cautious but firm USD demand driven by importers and informal traders.
🔹 Interbank Opening Rates (USD → PKR)
- Buying Rate: PKR 284.25
- Selling Rate: PKR 284.75
Source: HamariWeb & SBP‑quoted data OFX+8Hamariweb+8Hamariweb+8Hamariweb
🔹 Open Market Opening Rates (USD → PKR)
- Buying Rate: PKR 285.90
- Selling Rate: PKR 287.10
Source: Forex.pk and open-market reports FOREX.pk+1FOREX.pk+1
📈 Morning Market Insights
- Interbank Spread (~PKR 0.50): Formal channels remain stable with low intraday volatility.
- Open-Market Premium (~PKR 1.20): Reflects steady USD demand, largely from importer flows and retail traders.
- Key Watchpoints: Traders are focused on any SBP announcements, movements in forex reserves, global oil-price shifts, and US Federal Reserve signals.
- Expected Range: In the absence of major developments, PKR is likely to fluctuate between PKR 284.0–287.0 across both formal and informal markets today.
📰 Stay tuned to www.dailyforex.pk for live rate updates, expert commentary