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.”

https://twitter.com/asadcmka/status/1433248688969748484

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