Rates

USD to PKR Exchange Rate – Closing Market Report (April 29, 2025)

The Pakistani Rupee (PKR) closed Tuesday’s trading session with slight weakness against the US Dollar (USD), as traders adjusted positions ahead of key global economic data and fiscal month-end flows. While overall volatility remained low, mild pressure on the rupee was visible in the open market toward the end of the day.

💱 Interbank USD to PKR Closing Rates (April 29, 2025):

Buying Rate: PKR 279.05
Selling Rate: PKR 279.30

The interbank market saw minor fluctuations but remained within a narrow band throughout the day, supported by stable institutional demand and healthy forex liquidity.

💸 Open Market USD to PKR Closing Rates (April 29, 2025):

Buying Rate: PKR 280.90
Selling Rate: PKR 282.70

The open market reflected marginal upward movement in the dollar’s value, largely influenced by end-of-month business transactions, small-scale importer activity, and traveler demand.

📊 Today’s Forex Market Summary – April 29, 2025

The rupee held firm in the interbank market, with no signs of panic buying or capital flight.
In the open market, however, minor dollar strength was observed in the afternoon as demand picked up.
Traders continued to adopt a wait-and-see approach, ahead of global inflation data and IMF-related developments expected later this week.
The central bank has so far stayed out of the market, with no indications of intervention today.

🔍 Key Drivers Today

End-of-month settlements put mild pressure on the open market.
Global dollar index hovered near recent highs, limiting rupee gains.
Oil prices remained flat, offering no directional cues for PKR.
Traders are awaiting US PCE inflation data later this week, which could drive USD volatility globally.

🔮 PKR Outlook for the Next Session

Looking ahead, the PKR is expected to remain range-bound unless influenced by global macroeconomic events. Any sharp move in the dollar index or fresh updates from the IMF could shift momentum. For now, the rupee remains broadly stable with limited downside risks in the short term.

Hamza Shah