The Pakistani Rupee (PKR) closed Wednesday’s trading session with a slight depreciation against the US Dollar (USD), reflecting cautious sentiment in the forex market. As the federal budget announcement approaches and discussions with the International Monetary Fund (IMF) continue, traders are closely monitoring economic indicators.
💱 Interbank USD to PKR Closing Rates (May 28, 2025):
- Buying Rate: PKR 282.45
- Selling Rate: PKR 282.65
According to data from the State Bank of Pakistan, the interbank rate has increased by PKR 0.10 from the previous session, indicating a 0.035% depreciation of the PKR.
💸 Open Market USD to PKR Closing Rates (May 28, 2025):
- Buying Rate: PKR 280.65
- Selling Rate: PKR 282.15National Bank of PakistanDaily Ausaf
The open market rates remain stable, with exchange companies reporting consistent demand and adequate supply of USD.
📊 Forex Market Overview – May 28, 2025
- The PKR continues to trade within a tight range, supported by steady remittance inflows and controlled import demand.
- Market participants are awaiting clarity on fiscal policies and potential IMF support as the budget announcement nears.
- Globally, the US Dollar Index remains relatively unchanged, providing a neutral backdrop for emerging market currencies like the PKR.
🔍 Key Factors to Monitor
- Updates from the Ministry of Finance regarding the upcoming federal budget.
- Progress in IMF negotiations and any related policy reforms.
- Fluctuations in global commodity prices, particularly crude oil, which can impact Pakistan’s trade balance.
🔮 PKR Outlook
The Pakistani Rupee is expected to maintain its current trajectory, trading within a narrow band. Barring any unexpected economic developments, the currency is likely to remain stable in the near term.
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