The Pakistani Rupee (PKR) opened today’s session showing modest strength against the US Dollar (USD). The interbank market remained stable, while the open market maintained a customary premium over formal bank rates, reflecting ongoing demand for physical USD.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR ≈ 280.70
- Selling Rate: PKR ≈ 280.90
Market Insight:
The interbank spread opened around PKR 0.20, indicating balanced liquidity conditions and no significant overnight shocks. The rate reinforces a steady start in formal banking channels.
💵 Open Market – Opening Rates
- Buying Rate: PKR ≈ 282.00
- Selling Rate: PKR ≈ 282.80
Market Insight:
The open market opened with a premium of approximately PKR 1.10–1.40 over interbank levels, reflecting continuing demand among cash/retail users, importers and remittance recipients.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | ~280.70 | ~280.90 | ~0.20 | — |
| Open Market | ~282.00 | ~282.80 | ~0.80 | ~PKR 1.10–1.40 |
🔍 Market Outlook
- The stable interbank opening suggests that formal FX flows remain in relative balance for now.
- The open-market premium persists, indicating consistent demand for physical USD, though no major supply strain is evident.
- Traders and businesses should monitor global USD movements, major remittance/flow announcements, and any policy commentary from the State Bank of Pakistan (SBP) that may affect intraday sentiment.
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