The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday.
At close, the local currency settled at 278.15, a gain of Re0.01 against the greenback.
On Tuesday, the local unit closed at 278.16.
Meanwhile, the US dollar held steady on Thursday as markets awaited key US non-farm payrolls data, while the yen’s slide to 40-year lows against the greenback and thin trading ahead of a US holiday kept traders on high alert for intervention.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, eased 0.02% to 101.38.
Thursday’s data is expected to show US employers added 110,000 jobs in June, with the unemployment rate holding steady at 4.3%, according to the median estimate of economists polled by Reuters.
Oil prices fell nearly 2% for the third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the US had made progress in talks over the Strait of Hormuz.
Brent futures were $1.24 or 1.73% lower at $70.33 a barrel at 1157 GMT, while US West Texas Intermediate crude fell $1.38, or 2.01%, to $67.20 a barrel, their lowest level since late February.
Inter-bank market rates for dollar on Thursday
BID Rs 278.15
OFFER Rs 278.35
Open-market movement
In the open market, the PKR lost 5 paise for both buying and selling against USD, closing at 278.68 and 279.42, respectively.
Against Euro, the PKR gained 22 paise for buying and 28 paise for selling, closing at 317.53 and 320.86, respectively.
Against UAE Dirham, the PKR lost 3 paise for buying and 6 paise for selling, closing at 75.94 and 76.55, respectively.
Against Saudi Riyal, the PKR remained unchanged for buying and gained 4 paise for selling, closing at 74.28 and 74.83, respectively.
Open-market rates for dollar on Thursday
BID Rs 278.68
OFFER Rs 279.42
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