The Pakistani Rupee (PKR) opened Friday’s trading session with continued stability against the US Dollar (USD), as the market reflects cautious optimism heading into the weekend. With no major domestic or global developments overnight, the currency market is expected to stay calm and range-bound during the early hours of trade.
💱 Interbank USD to PKR Opening Rates (May 9, 2025):
- Buying Rate: PKR 279.30
- Selling Rate: PKR 279.55
The interbank market opened unchanged from yesterday’s closing levels, highlighting persistent balance between demand and supply.
💸 Open Market USD to PKR Opening Rates (May 9, 2025):
- Buying Rate: PKR 281.40
- Selling Rate: PKR 283.20
Open market rates remain stable, with exchange companies reporting moderate activity from travelers and small-scale importers.
📊 Forex Market Overview – May 9, 2025
- The rupee continues to hold firm ground, thanks to consistent remittance inflows and limited speculative activity.
- Market participants remain alert to developments in IMF talks and pre-budget financial guidance.
- No volatility is expected unless triggered by global cues, such as changes in oil prices or dollar strength.
🔍 Key Drivers to Monitor Today
- Any updates related to external debt repayments or IMF loan progress.
- US labor and inflation data expected later today could shift global dollar sentiment.
- Local import demand trends as the week closes.
🔮 PKR Outlook for the Day
With steady economic fundamentals and no immediate risks, the PKR is expected to trade within a narrow range throughout the session. Market sentiment remains neutral to slightly positive barring any external surprises.
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