The Pakistani Rupee (PKR) opened today’s session with relative stability against the US Dollar (USD). The interbank market shows little movement, while the open market continues to carry a modest premium—reflecting demand for physical USD.
🏦 Interbank Market – Opening Rates
- Buying Rate: Approx. PKR 282.66
- Selling Rate: Approx. PKR 282.86
Market Insight:
The interbank market opened with a narrow spread (~PKR 0.20), suggesting balanced liquidity and no major overnight demand-supply pressure. The Rupee’s opening position signifies calm in formal banking channels.
💵 Open Market – Opening Rates
- Buying Rate: Approx. PKR 283.80
- Selling Rate: Approx. PKR 284.30
Market Insight:
The open market is trading at a modest premium of about PKR 1.10-1.50 over the interbank rate. This premium signals continued demand for physical USD among importers, remittance-receivers and retail buyers, though the magnitude does not indicate acute supply stress.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | ~282.66 | ~282.86 | ~0.20 | — |
| Open Market | ~283.80 | ~284.30 | ~0.50 | ~PKR 1.10-1.50 |
🔍 Market Outlook
- The steady interbank rate suggests that formal FX flows remain in relative balance this morning.
- The open-market premium persists, reflecting ongoing physical USD demand, but the moderate gap suggests that supply is holding for now.
- Watchpoints for today include significant remittance flows, large import payments, or any commentary from the State Bank of Pakistan that could shift sentiment mid-day.
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