The Pakistani Rupee (PKR) opened this morning with a modest depreciation against the US Dollar (USD). Early trading shows a stable interbank market, while the open-market figures reflect continued USD demand amid steady economic activity.
💱 Interbank Opening Rates (USD → PKR):
- Buying Rate: PKR 283.75
- Selling Rate: PKR 284.25
Source: HamariWeb (State Bank–quoted interbank rate) forex.pk+2hamariweb.com+2hamariweb.com+2
💵 Open Market Opening Rates (USD → PKR):
- Buying Rate: PKR 284.75
- Selling Rate: PKR 285.80
Source: HamariWeb open-market update hamariweb.com+2arynews.tv+2forex.pk+2
📈 Morning Market Insights:
- Interbank Snapshot: A modest PKR 0.50 spread continues, signaling stability in formal banking channels.
- Open Market Dynamics: The wider ~PKR 1.05 spread highlights sustained USD demand in the informal sector—often driven by importers and private traders.
- What to Watch Today: Keep an eye on any statements from the State Bank of Pakistan, updates on forex reserves, and international cues such as oil prices or global policy shifts.
- Expected Trading Range: Analysts anticipate today’s range to stay between PKR 283.5–285.8, barring any surprise developments.
📰 Follow www.dailyforex.pk for live rate updates, expert commentary, and tonight’s Closing Market Report.