Rates

USD to PKR Exchange Rate – Opening Market Report (April 29, 2025)

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.

Hamza Shah