The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Tuesday.
The local unit closed the day at 277.05, a gain of Re0.01 against the greenback.
On Monday, the Pakistani rupee settled at 277.06 against the dollar.
Internationally, the US dollar extended its blistering rally as it rode US Treasury yields higher.
In the broader market, the US dollar marched higher, drawing support from still-elevated US Treasury yields, which scaled multi-decade highs overnight.
Against the yen, the US dollar rose a touch to 157.92, while sterling slipped 0.02% to $1.3222.
The dollar index firmed at 102.16, having scaled an 18-month high in the previous session.
The greenback’s strength has come despite reduced expectations for a Federal Reserve rate hike this month in the wake of weaker-than-expected US jobs data, as investors bet the central bank would still need to tighten policy further.
Oil prices, a key indicator of currency parity, fell on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though lingering security risks in the region capped further losses.
Brent crude futures were down 83 cents, or 0.8%, at $99.49 a barrel at around 0650 GMT, while US West Texas Intermediate crude futures fell $1, or 1.1%, to $88.43 a barrel.
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