The Pakistani Rupee (PKR) opened the new month with a steady performance against the US Dollar (USD), as the forex market begins May 2025 with cautious optimism. While international markets remain active, Pakistan’s domestic trading may remain muted due to the Labour Day public holiday.
The interbank market opened flat compared to yesterday’s close, with minimal overnight movement and limited trading activity expected today due to the holiday.
Open market rates remain stable, with exchange dealers reporting low activity due to reduced commercial transactions and limited customer flow during the national holiday.
While today’s activity is subdued, traders are looking ahead to:
The PKR is likely to maintain its current levels unless impacted by external shocks. As the new month begins, focus will shift toward macroeconomic performance, fiscal policy updates, and global market sentiment.
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