The Pakistani Rupee (PKR) opened Wednesday’s trading session on a firm note against the US Dollar (USD), with both the interbank and open markets reflecting stable trends. Investors and traders continue to monitor economic cues and global developments, including inflation expectations and trade policy changes.
Market Insight:
The interbank session opened with mild stability, following the previous day’s cautious tone. Banks and financial institutions are observing a wait-and-see approach, with no major shifts expected until further macroeconomic data is released.
Market Insight:
The open market opened higher than the interbank, maintaining a premium of roughly PKR 1.40. This reflects continued physical demand for US Dollars in the cash-based market. Demand is being driven by remittance conversions and importer buying, especially in urban hubs like Karachi and Lahore.
Market Segment | Buying Rate | Selling Rate | Spread | Premium vs Interbank |
---|---|---|---|---|
Interbank | 283.30 | 283.80 | 0.50 | — |
Open Market | 285.20 | 286.20 | 1.00 | ~PKR 1.40 |
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