The Pakistani rupee posted a marginal gain, appreciating 0.01% against the US dollar in the inter-bank market on Wednesday.
At close, the local currency settled at 278.07, a gain of Re0.03 against the greenback.
On Tuesday, the rupee closed at 278.10 against the dollar.
Meanwhile, the US dollar edged to its highest levels in a week in Asian trade on Wednesday as the US renewed strikes on Iran, while New Zealand’s currency jumped after the country’s central bank lifted interest rates and flagged further tightening.
The greenback strengthened 0.2% to 162.46 yen, advancing for a fourth day to reach the strongest level since July 2.
The euro slipped 0.1% to $1.1405, while the British pound nudged 0.1% lower to $1.3351.
Meanwhile, the kiwi dollar jumped 0.5% to a high of $0.5705 after the Reserve Bank of New Zealand hiked rates by 25 basis points to 2.5% to curb inflation pressures, as most economists had expected, and said “some further reduction in monetary stimulus is likely to be required” to control inflation.
The Australian dollar added 0.1% at $0.6938.
The US dollar index, which measures the currency against a basket of six peers, touched 101.210 for the first time since July 2.
Furthermore, oil prices climbed nearly 2% on Wednesday.
Brent crude futures gained $1.38, or 1.9%, to $75.54 a barrel, and U.S. West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9% at 0128 GMT.
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