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