The Pakistani Rupee (PKR) began Monday’s session with a mild weakening against the US Dollar (USD), reflecting steady demand in both interbank and open market channels. Market participants are closely watching global cues and domestic economic indicators for direction.
🏦 Interbank Market – Opening Rates
- Buying Rate: PKR 283.10
- Selling Rate: PKR 283.30
Source: State Bank of Pakistan
Market Insight:
The interbank session opened with a tight spread of PKR 0.20, suggesting a balanced market with sufficient liquidity. The slight depreciation reflects moderate demand for USD in formal banking transactions and cautious investor sentiment ahead of key economic data releases.
💵 Open Market – Opening Rates
- Buying Rate: PKR 284.25
- Selling Rate: PKR 285.25
Source: Forex.pk
Market Insight:
The open market shows a premium over interbank rates, indicating active buying of USD for cash and trade-related purposes. This spread is typical in retail transactions and highlights consistent demand for physical dollars.
📊 Opening Rate Comparison
| Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
|---|---|---|---|---|
| Interbank | 283.10 | 283.30 | 0.20 | — |
| Open Market | 284.25 | 285.25 | 1.00 | ~PKR 1.15 |
🔍 Market Outlook
- The interbank market remains stable, with a limited gap between buying and selling rates, reflecting healthy liquidity.
- The open market premium points to ongoing retail and import-driven demand for USD.
- Traders and businesses are advised to watch for upcoming US economic data, domestic fiscal updates, and forex interventions, as these may influence PKR movement throughout the week.
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