The Pakistani Rupee (PKR) opened today’s session against the US Dollar (USD) with continued stability in the formal interbank channel, while the open-market maintained its usual premium reflecting physical dollar demand.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.45
- Selling Rate: PKR 281.65
Market Insight:
The interbank spread remains narrow (~PKR 0.20), suggesting balanced liquidity and controlled trading conditions in the formal banking sector.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.75
- Selling Rate: PKR 283.50
Market Insight:
The open market opens at a premium of roughly PKR 1.10–1.85 over the interbank rate, indicating ongoing demand for physical USD from importers, remittance flows, and cash-based transactions.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.45 | 281.65 | ~0.20 | — |
| Open Market | 282.75 | 283.50 | ~0.75 | ~PKR 1.10–1.85 |
🔍 Market Outlook
- The Rupee remains relatively stable in the interbank market, reflecting controlled trading flows and liquidity conditions.
- The open-market premium underscores ongoing demand for physical dollars, while supply appears adequate to prevent major volatility.
- Market participants are advised to monitor global currency trends, remittance inflows, and domestic fiscal developments, as these could influence USD/PKR movement in upcoming sessions.
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