US dollar reaches Rs167 against Pakistani rupee
The price of one US dollar after a jump of 17 paisas reached the psychological mark of Rs167 against the Pakistani rupee on Thursday, reported 24NewsHD TV channel.
Economist Asad Rizvi said, “I don’t see any possibility of SBP policy rate hike in September. 166.85 dealt. Fresh Quote 167.00/20.”
INTER BANK MARKET
— Asad Rizvi (@asadcmka) September 2, 2021
8.4% #CPI for #August is encouraging news, suggesting easing of pressure.
Yesterday #Bond yields gained, though #tbills rates hardly moved.
However, with softer OIL & FOOD prices easing, I don’t see any possibility of #SBP POLICY RATE HIKE in #SEPTEMBER #MPS.
On Wednesday, the US dollar increased by 17 paisas and reached Rs166.87 from Rs166.38 against the Pakistani rupee at the closing time of inter-bank trading.
On Tuesday, foreign currencies continued to pound the Pakistani rupee as dollar, pound and euro gained handsomely at the closing time of inter-bank trading.
The US dollar jumped by 42 paisas and reached Rs166.38 against the Pakistani currency.
On a similar pattern, the British pound gained 81 paisas against the rupee and reached Rs229.18 per pound.
Reporter Habib Khan