The Pakistani Rupee (PKR) opened the day with modest movement against the US Dollar (USD). The interbank rate shows a small uptick, while the open market continues to trade at a typical premium—reflecting steady demand for physical dollars.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR ≈ 282.68
- Selling Rate: PKR ≈ 282.90
Market Insight:
The interbank spread remains narrow (~PKR 0.22), indicating stable liquidity and no major pressures at the start of trading. The slight uptick suggests mild demand or adjustment in formal banking channels.
💵 Open Market – Opening Rates
- Buying Rate: PKR ≈ 283.80
- Selling Rate: PKR ≈ 284.20
Market Insight:
The open market opens with a premium of roughly PKR 1.12–1.52 above the interbank rate. This premium reflects ongoing demand for physical USD by importers, remittance recipients and retail buyers.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 282.68 | 282.90 | ~0.22 | — |
| Open Market | 283.80 | 284.20 | ~0.40 | ~PKR 1.12-1.52 |
🔍 Market Outlook
- The interbank market shows relative calm, signalling that formal flows and liquidity remain balanced.
- The open-market premium persists, indicating steady demand for cash USD even though the market is not under acute pressure.
- Key items for traders to observe today include any large remittance flows, import payments, or comments from the State Bank of Pakistan (SBP) — each could shift dynamic intra-day.
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