The Pakistani Rupee (PKR) opened this morning with a slight depreciation against the US Dollar (USD), as cautious sentiment grips the market amid rising oil prices and geopolitical tensions. Traders are also closely watching Pakistan’s central bank ahead of any updates on policy rates, which are currently expected to hold steady in the absence of new economic signals.
💱 Interbank USD to PKR Opening Rates (June 17, 2025):
- Buying Rate: PKR 282.85
- Selling Rate: PKR 283.35
💵 Open Market USD to PKR Opening Rates (June 17, 2025):
- Buying Rate: PKR 280.65
- Selling Rate: PKR 282.15
📈 Morning Market Snapshot
- Interbank Range: The interbank market shows a moderate spread, indicating measured activity ahead of the central bank’s next policy review.
- Open Market Spread: A roughly PKR 1.5 gap between buying and selling highlights sustained USD demand in informal channels.
- Market Drivers: Geopolitical concerns (especially surrounding oil markets), Pakistan’s FX reserves, and any central bank communication are the key focus areas today.
- Expected Trading Range: Barring surprise news, analysts anticipate PKR will trade between 282.8–284.5 in both markets throughout the day.
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