The Pakistani Rupee (PKR) opened today’s trading session against the US Dollar (USD) with minimal movement, as formal interbank channels remain steady and the open cash market continues to reflect a small premium for physical dollar demand.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 281.35
- Selling Rate: PKR 281.55
Market Insight:
The interbank opening spread remains narrow (~PKR 0.20), suggesting balanced liquidity and no sharp demand or supply shocks overnight. The rate indicates the Rupee is holding ground in formal banking channels.
💵 Open Market – Opening Rates
- Buying Rate: PKR 282.60
- Selling Rate: PKR 283.10
Market Insight:
The open market opens with a premium of roughly PKR 1.25-1.55 over the interbank rate, reflecting continued demand for physical US dollars among importers, remittance flows and retail segments.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.35 | 281.55 | ~0.20 | — |
| Open Market | 282.60 | 283.10 | ~0.50 | ~PKR 1.25-1.55 |
🔍 Market Outlook
- The interbank market remains stable with minimal volatility, indicating continued control over formal FX flows.
- The open market premium suggests ongoing physical USD demand, though the moderate gap indicates supply conditions remain satisfactory.
- Look out for any central bank commentary, major external flows or global USD strength that could impact the PKR later today.
- Importers and remittance channels should monitor for any intraday shifts, especially near midday liquidity windows.
✅ For intraday updates, closing market coverage, and expert commentary, visit www.dailyforex.pk.