The Pakistani Rupee (PKR) has remained relatively stable against the US Dollar (USD) as the week begins. Compared to Friday’s closing rates (March 1, 2025):
✔ Interbank Market:
- Friday’s buying rate: PKR 279.45
- Friday’s selling rate: PKR 279.65
- Today’s increase suggests slight market adjustments.
✔ Open Market:
- Friday’s buying rate: PKR 279.85
- Friday’s selling rate: PKR 281.35
- Today’s selling rate has risen slightly, indicating a potential increase in demand for USD.
🔎 Key Factors Influencing the USD/PKR Rate:
Several domestic and global factors are affecting the exchange rate fluctuations:
📌 Foreign Exchange Reserves: The State Bank of Pakistan (SBP) has reported a modest increase in forex reserves, which could support the PKR’s stability.
📌 Import & Export Balance: A higher demand for USD to facilitate imports may put pressure on the PKR in the coming days.
📌 Inflation & Monetary Policy: The SBP’s stance on interest rates and upcoming monetary policy decisions will be crucial in determining the PKR’s strength.
📌 Global USD Strength: The US Dollar Index (DXY) remains strong in international markets, impacting emerging market currencies, including PKR.
🔮 Market Forecast for the Day:
📢 Analysts anticipate moderate fluctuations in the USD/PKR rate throughout the day:
📉 If demand for USD rises, the open market rate could exceed PKR 282 by the evening.
📈 If forex inflows improve, PKR may strengthen, keeping the exchange rate below 280 in interbank trading.
💡 Traders and investors should closely monitor SBP updates, international market trends, and any geopolitical developments that could impact forex rates.
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