The Pakistani Rupee (PKR) showed a slight appreciation against the US Dollar (USD) on Thursday, September 4, 2025. Both the interbank and open markets reflected this positive movement, indicating a stable demand-supply balance in the forex markets.
🏦 Interbank Market – Closing Rates
- Buying Rate: PKR 281.53
- Selling Rate: PKR 281.73
Source: Business Recorder
Market Insight:
The interbank market closed with a narrow spread of PKR 0.20, suggesting balanced liquidity conditions. The slight appreciation of the PKR indicates steady inflows and controlled demand for USD in formal banking channels.
💵 Open Market – Closing Rates
- Buying Rate: PKR 283.20
- Selling Rate: PKR 283.20
Source: Forex.pk
Market Insight:
The open market closed with a consistent premium over interbank rates, reflecting sustained demand for physical USD. This premium is typical in retail and cash-based transactions, indicating active participation from importers, remittance recipients, and retail buyers.
📊 Closing Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 281.53 | 281.73 | 0.20 | — |
| Open Market | 283.20 | 283.20 | 0.00 | ~PKR 1.47 |
🔍 Market Outlook
- The interbank market shows stability with minimal volatility, suggesting a controlled forex environment.
- The open market premium indicates continued demand for physical USD, driven by import activities and cash transactions.
- Traders and investors are advised to monitor upcoming economic indicators and global market trends, as these factors could influence the USD/PKR exchange rate in the near term.
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