The Pakistani Rupee (PKR) opened the new trading week on a stable note against the US Dollar (USD), as the market begins Monday’s session with cautious optimism. With the federal budget season approaching and IMF-related developments expected, traders are closely monitoring economic signals while the currency maintains a tight trading range.
💱 Interbank USD to PKR Opening Rates (May 19, 2025):
- Buying Rate: PKR 279.70
- Selling Rate: PKR 279.95
The interbank market opened flat, with no significant movement from Friday’s close. The rupee remains supported by steady remittance inflows and export-related conversions.
💸 Open Market USD to PKR Opening Rates (May 19, 2025):
- Buying Rate: PKR 281.80
- Selling Rate: PKR 283.60
The open market also reflects stability, with moderate demand from retail and small business customers. Dealers report smooth availability of dollars and no unusual volatility.
📊 Forex Market Overview – May 19, 2025
- The PKR continues to show resilience, trading in a tight band amid balanced market flows.
- Pakistan’s foreign exchange reserves and controlled import activity are helping stabilize the currency.
- Traders are anticipating key fiscal updates, as budget 2025–26 discussions intensify in the coming weeks.
🔍 Key Drivers to Watch Today
- Any statements from the Ministry of Finance or State Bank of Pakistan on fiscal direction or external financing.
- Trends in international oil prices, which may affect the trade balance and dollar demand.
- Global sentiment toward the US Dollar, especially ahead of U.S. economic reports and Fed commentary this week.
🔮 PKR Outlook for Today
The rupee is expected to remain range-bound with a neutral bias unless global or domestic events spark a shift. With no immediate shocks in view, PKR stability is likely to continue throughout today’s session.