The Pakistani Rupee (PKR) opened today’s trading session on a stable note against the US Dollar (USD), as market participants await fresh economic cues at the start of a new week. With international oil prices steady and remittance flows holding firm, the local currency market is off to a calm start.
The interbank rates show minimal overnight changes, indicating that the market is likely to move in a tight range during early trading hours.
The open market continues to reflect slightly higher rates compared to the interbank market, driven by demand from small businesses, travelers, and remittance receivers.
With no major scheduled shocks for today, the USD to PKR exchange rate is expected to remain largely stable unless new global factors emerge.
Today’s early market indicators suggest that the Pakistani Rupee will likely trade in a narrow range. However, forex traders should remain alert to any unexpected volatility linked to international news.
Short-term sentiment for PKR remains neutral to slightly positive, supported by stable demand-supply dynamics in both interbank and open markets.
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