The Pakistani Rupee (PKR) began Monday’s trading session on a stable note against the US Dollar (USD), as the currency market resumed activity after the weekend with a cautious but optimistic outlook. Traders are closely watching for key economic developments, especially updates related to external financing and fiscal planning ahead of the upcoming budget.
The interbank market opened with a slight adjustment from last week’s closing, reflecting mild corporate demand and consistent dollar supply from remittances and export settlements.
Open market rates remained stable, with modest demand from travelers and small importers. Currency dealers report sufficient availability of USD in the retail segment.
The rupee is expected to trade sideways to slightly positive, barring any major surprises. With domestic fundamentals holding firm and no major global disruptions, the PKR is likely to maintain its current range throughout today’s session.
Explore how Bitcoin’s long- and short-term cost basis helps identify market tops, bottoms, and investor…
The Japanese Yen remains stable amid mixed economic indicators, while USD/JPY shows signs of downside…
Divergences can hint at market shifts but aren’t standalone trade signals. Learn how to apply…
EUR/USD remains firm around 1.1700 as worries over Fed independence weigh on the US dollar,…
Bitcoin bounces back as Ethereum network activity increases, while Pi Network faces mounting pressure amid…
Gold and silver prices hold steady as markets await the upcoming US PCE inflation data…