The Pakistani Rupee (PKR) opened today’s session slightly stronger against the US Dollar (USD) in the interbank market, while the open market continued to show a narrow premium as dollar demand remained steady but controlled.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 280.40
- Selling Rate: PKR 280.90
Market Insight:
The interbank market opened with a tight spread of PKR 0.50, indicating smooth liquidity conditions and no immediate imbalance in formal dollar supply or demand. This stability points to a calm start ahead of weekend trading.
💵 Open Market – Opening Rates
- Buying Rate: PKR 281.50
- Selling Rate: PKR 281.60
Market Insight:
The open market is quoting the dollar at a small premium of PKR 0.60–1.10 above interbank levels. This reflects modest retail demand from travelers, importers, and remittance customers. No excessive cash-USD shortage is visible at the moment.
📊 Rate Summary Table
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 280.40 | 280.90 | 0.50 | — |
| Open Market | 281.50 | 281.60 | 0.10 | ~ PKR 0.60–1.10 |
🔍 Market Outlook
- PKR Stability: The Rupee continues to hover within a tight range, supported by steady inflows and managed liquidity.
- Demand Drivers: Retail-level demand for physical USD persists but remains moderate.
- Watchpoints: Traders will keep an eye on remittance trends, global oil prices, and geopolitical developments, which could affect short-term currency movements.
📌 For live mid-day adjustments, closing-market updates, and expert commentary, visit www.dailyforex.pk.