The Pakistani Rupee (PKR) began Tuesday’s trading session on a steady footing against the US Dollar (USD), as currency markets opened with a cautiously optimistic tone. With the end-of-month settlements approaching and global sentiment leaning neutral, traders are watching closely for key signals that may shape the rupee’s direction.
💱 Interbank USD to PKR Opening Rates (April 29, 2025):
- Buying Rate: PKR 278.95
- Selling Rate: PKR 279.20
The interbank market opened with marginal gains, reflecting a stable currency environment supported by foreign inflows and consistent demand from importers and financial institutions.
💸 Open Market USD to PKR Opening Rates (April 29, 2025):
- Buying Rate: PKR 280.80
- Selling Rate: PKR 282.60
The open market rate remains slightly higher than interbank due to retail demand and exchange house margins. No significant volatility was observed in early morning transactions.
📊 Forex Market Overview – April 29, 2025
- The Pakistani Rupee is holding firm amid a quiet global backdrop.
- The dollar index remains stable, providing room for emerging market currencies to breathe.
- Pakistan’s forex reserves and remittance inflows continue to support rupee sentiment.
- Traders are closely watching upcoming macroeconomic announcements and fiscal updates.
🔍 What to Expect Today
The market is expected to remain range-bound unless triggered by major news. Currency traders are keeping an eye on:
- Global commodity prices (especially oil and gold).
- US macroeconomic data due later this week.
- Any updates on IMF-related financing or domestic policy decisions.
🔮 Outlook for the Day
The PKR is likely to maintain its ground with minor fluctuations expected during intraday trading. As the market stays cautious ahead of month-end flows, stability will remain the key theme unless global volatility picks up.
Daily Updated with Daily Forex Pakistan.