The Pakistani Rupee (PKR) began today’s trading session with modest pressure against the US Dollar (USD). Early interbank figures show steady trading, while open-market activity reflects sustained demand from importers and informal traders. Market watchers are keenly observing any cues from the State Bank of Pakistan (SBP) and updates on foreign exchange reserves.
💱 Interbank Opening Rates (USD → PKR):
- Buying Rate: PKR 280.05
- Selling Rate: PKR 280.05 (single-rate quoting) forex.pk+2forex.pk+2hamariweb.com+2hamariweb.com+2dailyausaf.com+2hamariweb.com+2
💵 Open Market Opening Rates (USD → PKR):
- Buying Rate: PKR 280.65
- Selling Rate: PKR 282.15 dailyausaf.com+1dailyausaf.com+1dailyausaf.com+1dailyausaf.com+1
📈 Morning Market Insights:
- Interbank Activity: The single quoted rate suggests a balanced formal market with minimal spread and low volatility.
- Open Market Dynamics: A PKR 1.50 spread indicates strong USD demand outside the banking sector, possibly driven by import transactions or remittance flows.
- Factors to Monitor: Traders will be watching SBP announcements, foreign reserves data, and international influences such as oil price movements and global central bank signals.
- Expected Range: In the absence of breaking economic news, the PKR is expected to trade within PKR 280.0–283.0 across both markets today.
📰 Stay tuned to www.dailyforex.pk for live rate updates, expert commentary, and the Closing Market Report later this evening.