The Pakistani Rupee (PKR) opened today’s session with mild depreciation pressure against the US Dollar (USD). Early trading reflects a firm interbank rate while open-market activity shows strong demand from informal traders and importers.
💱 Interbank Opening Rates (USD → PKR):
- Buying Rate: PKR 283.65
- Selling Rate: PKR 284.15
Source: HamariWeb via SBP interbank data bloomberg.com+7hamariweb.com+7forex.pk+7sbp.org.pk+3hamariweb.com+3hamariweb.com+3
💵 Open Market Opening Rates (USD → PKR):
- Buying Rate: PKR 280.65
- Selling Rate: PKR 282.15
Source: Daily Ausaf (Karachi open‑market data) dailyausaf.comdailyausaf.com+1dailyausaf.com+1
📈 Morning Market Insights:
- Interbank Stability: A tight ~50‑paisa spread indicates controlled formal-sector dynamics.
- Open‑Market Spread: A gap of ~PKR 1.50 highlights steady USD demand in the informal market.
- Key Drivers: The market is closely monitoring SBP commentary, updates on forex reserves, and global cues like oil-price movements and U.S. Federal Reserve signals.
- Expected Range: In the absence of surprise news, the PKR is likely to trade within PKR 283.5–285.5 across both markets today.
📰 Stay tuned to www.dailyforex.pk for live updates, expert commentary, and tonight’s Closing Market Report.