USD to PKR Exchange Rate – Opening Market Update (March 3, 2025)

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.

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🔎 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.

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🔮 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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