The Pakistani Rupee (PKR) opened today’s trading session with mild depreciation against the US Dollar (USD). Early data indicates formal market stability, while the open-market continues to reflect elevated USD demand driven by informal trading and import activity.
🔹 Interbank Opening Rates (USD → PKR)
- Buying Rate: PKR 284.10
- Selling Rate: PKR 284.60
Source: HamariWeb & State Bank–quoted data poundsterlinglive.com+6forex.pk+6hamariweb.com+6hamariweb.com+1hamariweb.com+1
🔹 Open Market Opening Rate
- Mid-Rate: PKR 286.85
(Buying & Selling) Source: Forex.pk and HamariWeb poundsterlinglive.com
📈 Morning Market Insights
- Interbank Stability: A PKR 0.50 spread indicates calm formal-market conditions with low intraday volatility.
- Open-Market Premium: A ~PKR 2.25 spread highlights persistent USD demand, primarily in informal markets—largely due to importers and retail exchange pressure.
- Watchpoints: Key factors today include State Bank of Pakistan communications, updates on foreign exchange reserves, and global triggers such as oil rates and US Federal Reserve commentary.
- Expected Range: In the absence of major news, expect PKR to trade between PKR 284.0–287.0 across both market segments.
📰 Stay tuned to www.dailyforex.pk throughout the day for live rates, expert analysis, and tonight’s Closing Market Report.