The Pakistani Rupee (PKR) opened Tuesday’s trading session with a slight improvement against the US Dollar (USD), reflecting cautious optimism in the forex market. As the federal budget approaches and discussions with the International Monetary Fund (IMF) continue, traders are closely monitoring economic indicators.
According to the State Bank of Pakistan, the interbank rate saw a marginal decrease of PKR 0.10 from the previous session, indicating a 0.035% appreciation of the PKR. Hamariweb.com+1Hamariweb.com+1
The open market rates remain stable, with exchange companies reporting consistent demand and adequate supply of USD.
The Pakistani Rupee is expected to maintain its current trajectory, trading within a narrow band. Barring any unexpected economic developments, the currency is likely to remain stable throughout the day. expected to remain range-bound with a stable bias, with no major shocks anticipated today. Market flows are likely to remain balanced, with cautious positioning ahead of next week’s key events.
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