The Pakistani rupee extended its marginal gains against the US dollar on Friday.
The local unit closed the day at 277.71, a gain of Re0.01 against the greenback.
On Thursday, the Pakistani rupee settled at 277.72 against the dollar.
Meanwhile, the US dollar rose slightly to 158.505 yen in the Asian morning, after gaining 0.4% on Thursday, putting it on course to rise around 0.7% this week.
Against the euro, the greenback edged up to $1.1521 after strengthening about 0.3% in the prior session.
The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to Federal Reserve Chair Kevin Warsh pointed to the potential for a September interest rate hike, depending on incoming data.
The monthly US payrolls report, due later on Friday, could provide more clues on the Fed’s rate path.
Oil prices reversed course and climbed on US job losses reported by the federal government and worries over talks between Iranian and US negotiators to end fighting that has lasted five months.
Brent crude futures were up 84 cents, or 1.02%, at $83.33 a barrel at 10:28am CDT (1528 GMT). West Texas Intermediate futures climbed 89 cents, or 1.15%, to $78.18.
Inter-bank market rates for dollar on Friday
BID Rs 277.71
OFFER Rs 277.91
Open-market movement
In the open market, the PKR gained 1 paisa for buying and remained unchanged for selling against USD, closing at 278.71 and 279.87, respectively.
Against Euro, the PKR gained 68 paise for buying and 66 paise for selling, closing at 320.10 and 323.32, respectively.
Against UAE Dirham, the PKR gained 3 paise for buying and 6 paise for selling, closing at 75.80 and 76.47, respectively.
Against Saudi Riyal, the PKR lost 2 paise for buying and gained 2 paise for selling, closing at 74.11 and 74.68, respectively.
Open-market rates for dollar on Friday
BID Rs 278.71
OFFER Rs 279.87
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