The Pakistani rupee extended its marginal gains against the US dollar in the interbank market on Tuesday.
The local unit closed the day at 276.96, a gain of Re0.01 against the greenback.
On Monday, the Pakistani rupee settled at 276.97 against the dollar.
Globally, the US dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US, as geopolitical risks rose after renewed attacks on energy infrastructure in the Middle East and Ukraine.
The US dollar index, which measures the greenback’s strength against a basket of six currencies, was at 102.56 in subdued Asian trading after closing up 0.3% on Monday. The currency is hovering around its highest levels since April last year.
The euro was flat at $1.1159 on Tuesday, while the British pound was also steady at $1.3209.
Against the yen, the US dollar was 0.1% weaker at 158.435 yen after the release of data from the Bank of Japan, which showed wholesale prices rose 6.8% in the year to September, falling short of the median market forecast for a 7.6% annual increase.
The Chinese yuan traded near its strongest levels in four years, holding steady against the US dollar at 6.6950 yuan in offshore trade.
Oil prices, a key indicator of currency parity, fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.
Brent crude futures fell $1.30, or 1.2%, to $105.35 a barrel by 0329 GMT, while US West Texas Intermediate crude futures were down $1.25, or 1.3%, at $92.49 a barrel. Both benchmarks climbed nearly $2 a barrel in the previous session, with Brent settling at its highest since September 15.
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