The Pakistani rupee extended its marginal gains against the US dollar on Monday.
The local unit closed the day at Rs277.70, a gain of Re0.01 against the greenback.
On Friday, the Pakistani rupee settled at 277.71 against the dollar.
Moreover, the US dollar hovered near a two-month low against major currencies on Monday as investors awaited this week’s inflation data for clues on the Federal Reserve’s rate path.
The euro edged higher to $1.1558, hovering near its strongest level since mid-June, while sterling was steady at $1.3490, near a five-week peak.
The yen held firm at 157.90 per dollar, having given back some intervention-driven gains but remaining well off the roughly 164 multi-decade low hit late last month.
The dollar index, which tracks the currency against six major peers, was little changed at 99.6, hovering near its lowest level since June 2.
Meanwhile, oil prices were little changed on Monday.
Brent crude futures stood at $83.74 a barrel, up 19 cents, by 0807 GMT.
US West Texas Intermediate crude futures were up 3 cents at $78.21.
Comments