KEY POINTS
- The US dollar traded at Rs 281.25 (buying) and Rs 281.75 (selling) in Pakistan’s open market.
- In the inter‑bank market, the US dollar was reported at Rs 280.7115 for spot delivery by the SBP.
- The narrowing spread between open‑market and inter‑bank rates indicates growing foreign‑exchange liquidity and reduced speculative premium.
ISLAMABAD: On Monday, the Pakistani rupee remained broadly stable with the US dollar quoted at Rs 281.25 for buying and Rs 281.75 for selling in the open market.
Meanwhile, in the inter‑bank channel, the State Bank of Pakistan (SBP)’s fixed rate stood at Rs 280.7115 for spot delivery.
The relatively small gap between the two rates points to enhanced supply and reduced arbitrage in foreign‑exchange trading.
Currency dealers noted that remittances have picked up, easing pressure on the rupee.
At the same time, regulatory scrutiny of black‑market transactions has tightened, thereby limiting premium mark‑ups in the open market.
Analysts also observed that while the rupee’s current position appears stable, it remains vulnerable to external shocks such as import surges or shifts in global interest rates.
