The Pakistani rupee extended its gains against the US dollar on Friday.
The local unit closed the day at 277.96, a gain of Re0.01 against the greenback.
On Thursday, the Pakistani rupee settled at 277.97 against the greenback.
Furthermore, the dollar held steady on Friday but was poised for a weekly decline as a softer-than-expected U.S. inflation report this week led traders to cut bets on imminent rate hikes from the Federal Reserve.
In currency markets, the euro was at $1.1445, set for a 0.29% rise in the week.
Sterling fetched $1.3476, on course for a 0.56% gain in the week, its third straight week of gains on fading concerns over Britain’s fiscal outlook.
The Japanese yen was fetching 162.39 per US dollar, rooted near the 40-year low of 162.84 it touched at the start of the month as traders remained wary of official intervention from Tokyo.
That left the dollar index, which measures the US currency against six other units, at 100.72, set for a weekly drop of 0.24%.
The index hit a one-month low earlier this week on easing chances of a near-term rate hike, but safe-haven flows have helped support the greenback.
Meanwhile, oil prices inched higher on Friday after the US and Iran stepped up attacks across the Gulf.
Brent crude futures rose $1.05, or about 1.25%, to $85.28 a barrel by 0118 GMT, and US West Texas Intermediate futures rose $1.03, or 1.3%, to $79.98 a barrel, erasing losses from the previous session.
Both benchmark contracts have climbed nearly 12% this week, with Brent on track for a third consecutive weekly gain and WTI for a second weekly gain.
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