The Pakistani Rupee (PKR) opened today’s trading session with very modest movement against the US Dollar (USD). Both formal interbank channels and the open cash market reflect a calm start, with the open market continuing its typical premium due to physical dollar demand.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.40
- Selling Rate: PKR 281.40
Market Insight:
The interbank market spread is essentially nil — buying and selling rates are reported at the same level, which suggests minimal volatility and well-balanced liquidity in formal banking channels at the start of trading.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.55
- Selling Rate: PKR 282.65
Market Insight:
The open market opened with a premium of about PKR 1.15–1.25 over the interbank rate, signalling continued demand for physical USD among retail buyers, importers, and remittance recipients.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.40 | 281.40 | ~0.00 | — |
| Open Market | 282.55 | 282.65 | ~0.10 | ~PKR 1.15 |
🔍 Market Outlook
- With negligible movement in the interbank market, traders appear aligned with current liquidity and economic flows, avoiding major speculative swings.
- The open-market premium remains stable; this suggests the physical supply of USD is adequate but demand remains steady.
- Key factors to watch today include any central bank commentary, overnight global currency developments, and remittance/inflow figures—these could shift sentiment and cause price movement later in the session.
✅ For detailed live updates, intraday rate changes and the closing market report, keep checking www.dailyforex.pk.