The Pakistani Rupee (PKR) opened Friday’s trading session with a stable outlook against the US Dollar (USD), as the market enters the last trading day of the week with cautious optimism. With remittance inflows steady and no major external shocks overnight, the forex market is expected to remain range-bound in early trade.
💱 Interbank USD to PKR Opening Rates (May 16, 2025):
- Buying Rate: PKR 279.60
- Selling Rate: PKR 279.85
The interbank market opened flat compared to yesterday’s closing session. Banks are reporting a balanced flow of foreign exchange with no unusual importer pressure.
💸 Open Market USD to PKR Opening Rates (May 16, 2025):
- Buying Rate: PKR 281.70
- Selling Rate: PKR 283.50
Open market rates remain stable. Currency dealers across major cities report regular demand from retail customers, primarily for travel, education, and small-scale trade purposes.
📊 Forex Market Overview – May 16, 2025
- The Pakistani Rupee continues to trade in a tight and controlled range, supported by consistent dollar supply from remittances and export proceeds.
- Traders are keeping an eye on upcoming economic reforms and the federal budget outlook, both of which may influence currency sentiment in the coming weeks.
- Internationally, the US Dollar Index remains firm ahead of key U.S. data releases, including consumer sentiment and inflation expectations.
🔍 Factors to Watch Today
- Any updates regarding Pakistan’s IMF program and fiscal targets.
- Movements in international oil prices, which impact Pakistan’s import bill.
- US economic data scheduled later today, which could drive global USD strength.
🔮 PKR Outlook for the Day
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