The Pakistani Rupee (PKR) opened today’s session with moderate movement against the US Dollar (USD). The interbank market is steady, while the open market continues to reflect a premium as demand for physical USD persists.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 280.35
- Selling Rate: PKR 280.85
Market Insight:
The interbank spread remains tight at around PKR 0.50, indicating balanced liquidity in formal banking channels and no major overnight pressure.
💵 Open Market – Opening Rates
- Buying Rate: PKR 281.45
- Selling Rate: PKR 283.50
Market Insight:
The open market premium continues at around PKR 1.00–2.50 over the interbank rate, reflecting sustained demand for physical USD. However, the gap is still within a manageable range, suggesting adequate supply.
📊 Opening Rate Snapshot
| Market Segment | Buying Rate | Selling Rate | Spread | Approx. Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 280.35 | 280.85 | 0.50 | — |
| Open Market | 281.45 | 283.50 | 2.05 | ~PKR 1.00–2.50 |
🔍 Market Outlook
- Interbank Market: The narrow spread indicates stable formal liquidity conditions, with no major disruptions.
- Open Market: The moderate premium over the interbank rate suggests sustained demand for USD, but no signs of extreme shortages or panic in the cash‑dollar market.
- Investor Watch Points: Look for any shifts in remittance flows, global USD movements, or updates from the State Bank of Pakistan (SBP) for further guidance on market sentiment.
📌 For detailed real‑time updates and market trends, visit www.dailyforex.pk.