The Pakistani rupee gained against the US dollar in the inter-bank market on Thursday.
At close, the local currency settled at 278.35 , a gain of Re0.01 against the greenback.
On Wednesday, the local unit closed at 278.36.
Meanwhile, the US dollar wobbled on Thursday as new US strikes in the Middle East undermined sentiment, while a surge in May US consumer inflation to a three-year high kept investors uneasy about the Federal Reserve’s monetary policy outlook.
The euro bought $1.1553, inching away from the 10-week low it hit last week, but has given up most of its gains since a ceasefire was struck in early April. The spotlight will be on the European Central Bank policy meeting later in the day as it looks poised to raise rates to tackle inflation.
Sterling was at $1.33905. The dollar index , which measures the US currency against six major peers, eased to 99.903 after U.S. military said it has completed strikes against multiple targets in Iran.
Moreover, oil prices jumped on Thursday.
Brent futures rose $1.48, or 1.59%, to $94.58 a barrel as of 0243 GMT, while US West Texas Intermediate (WTI) crude climbed $1.71, or 1.90%, to $91.74.
US crude futures gained more than $3 earlier in the session.
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