The Pakistani Rupee (PKR) opened the first trading session of the week on a steady note against the US Dollar (USD), as the forex market entered Monday with low volatility and cautious optimism. Investors and traders are closely watching economic data from global markets and fiscal cues from the government ahead of budget season.
The interbank market opened flat, indicating a continuation of the stability observed last week. Market participants anticipate subdued demand during the early hours of trading.
The open market continues to reflect a slight premium over the interbank rate due to retail dollar demand for travel, education, and small import transactions.
The PKR is likely to remain range-bound, barring any external shocks. Market expectations are aligned with a mildly positive trend, assuming continued financial support and stable demand. Traders are advised to monitor global indicators and government statements for directional cues.
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