The Pakistani Rupee (PKR) opened Monday’s trading session slightly softer against the US Dollar (USD), as cautious sentiment persists amid central bank rate-hold expectations and ongoing global economic developments. This morning’s activity reflects the market’s cautious approach ahead of key domestic macroeconomic updates.
💱 Interbank USD to PKR Opening Rates (June 16, 2025):
- Buying Rate: PKR 282.55
- Selling Rate: PKR 283.05
💵 Open Market USD to PKR Opening Rates (June 16, 2025):
- Buying Rate: PKR 282.50
- Selling Rate: PKR 285.15
📈 Morning Market Analysis:
- Interbank Dynamics: A minimal spread in interbank quotes highlights stability, with central bank policy expectations holding markets steady.
- Open Market Divergence: The wider premium indicates heightened demand on the open market, likely driven by importers and remittance inflows.
- Key Triggers to Watch: Markets are awaiting updates on foreign exchange reserves, potential fiscal adjustments, and global monetary signals.
- Intraday Range Outlook: Barring fresh economic developments, the PKR is expected to trade within a PKR 282.5–285.0 range today.
Stay Updated With Dailyforex.pk