The Pakistani Rupee (PKR) opened today’s trading session with relative stability against the US Dollar (USD). While formal interbank trading remains balanced, the open-market continues to reflect a modest premium due to physical dollar demand.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.40
- Selling Rate: PKR 281.60
Market Commentary:
The narrow spread of about PKR 0.20 indicates limited overnight disruption and decent liquidity in banking channels. No major shocks were evident at the start of the day.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.65
- Selling Rate: PKR 283.35
Market Commentary:
The open market continues to trade at a premium over the interbank benchmark, reflecting ongoing demand for physical USD in retail and import remittance flows.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.40 | 281.60 | ~0.20 | — |
| Open Market | 282.65 | 283.35 | ~0.70 | ~PKR 1.05–1.75 |
🔍 Market Outlook
- The interbank market remains broadly steady, indicating a stable start to the week.
- The open-market premium signals continued demand for physical USD, though the gap is moderate, suggesting supply is not overly constrained at present.
- Participants will be watching for any fresh monetary or external flow cues that could shift the balance in the near term.
📌 For real-time updates, closing market details, and full commentary, visit www.dailyforex.pk.