Rates

USD to PKR Exchange Rate – Closing Market Report (May 8, 2025)

The Pakistani Rupee (PKR) ended Thursday’s trading session on a stable note against the US Dollar (USD), with the market showing no major fluctuations throughout the day. The currency maintained its position amid steady demand and consistent inflows, while global sentiment around the US dollar remained neutral.

💱 Interbank USD to PKR Closing Rates (May 8, 2025):

Buying Rate: PKR 279.30
Selling Rate: PKR 279.55

The interbank market closed with minimal variation compared to the opening session. Traders reported calm activity, supported by balanced institutional flows and no surprise shocks from global markets.

💸 Open Market USD to PKR Closing Rates (May 8, 2025):

Buying Rate: PKR 281.35
Selling Rate: PKR 283.15

In the open market, the dollar rate held firm throughout the day. Currency dealers observed routine demand from importers and travelers, with no excessive price movement.

📊 Forex Market Summary – May 8, 2025

The PKR stayed within a narrow trading band, reflecting continued market confidence.
Remittance support and moderate dollar demand helped stabilize rates in both interbank and open market channels.
The global dollar index also remained steady, providing additional support for the rupee.

🔍 What Influenced the Market Today?

Traders are eyeing the upcoming IMF discussions and federal budget forecasts for market direction.
No intervention was reported from the State Bank of Pakistan (SBP), signaling adequate liquidity.
Global commodity prices, including oil, traded flat — reducing pressure on the external account.

🔮 PKR Forecast for the Next Session

The rupee is expected to continue trading in a tight range unless impacted by major economic news. As long as remittance inflows remain strong and the external financing environment remains stable, the short-term outlook for the PKR stays neutral to slightly positive.

Yasher Rizwan