The Pakistani Rupee (PKR) opened Monday’s trading session with mild depreciation pressure against the US Dollar (USD). Formal and informal market data reflect cautious yet firm demand for USD, as investors await central bank signals and global commodity cues.
🔹 Interbank Opening Rates (USD → PKR)
- Buying Rate: PKR 284.45
- Selling Rate: PKR 284.95
Source: HamariWeb quoting State Bank interbank figures Pound Sterling Live+6Hamariweb.com+6Hamariweb.com+6Bloomberg.com+2Hamariweb.com+2AInvest+2
🔹 Open Market Opening Rates (USD → PKR)
- Buying Rate: PKR 287.00
- Selling Rate: PKR 287.60
Source: FOREX.pk & Pakistan open market charts FOREX.pk+1FOREX.pk+1
📈 Morning Market Analysis
- Interbank Stability: A narrow spread of ~PKR 0.50 suggests subdued early volatility in formal channels.
- Open-Market Premium: A wider premium (~PKR 3.15) reflects persistent USD demand, likely driven by importers, remittances, and retail currency exchanges.
- Key Watchpoints: Traders are closely monitoring Pakistan’s forex reserves, any hints from the State Bank, and global indicators like oil prices or U.S. Federal Reserve developments.
- Expected Range: If no major developments occur today, the PKR is expected to fluctuate within a PKR 284.0–288.0 range across both interbank and open-market sessions.
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