The Pakistani rupee stretched its marginal gains against the US dollar, appreciating 0.01% in the interbank market on Thursday.
The local unit closed the day at 276.92, a gain of Re0.03 against the greenback.
On Wednesday, the Pakistani rupee settled at 276.95 against the dollar.
Internationally, the US dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led traders to scale back expectations of an October rate hike.
Against the dollar, the euro bounced 0.3% from an 18-month low to trade at $1.1187. Sterling strengthened 0.2% to $1.3224, recovering from a 13-month low.
The dollar index, which measures the US currency against a basket of peers, was down 0.1% at 102.06. It has given back most of the gains it made after Wednesday’s hot inflation reading pushed it to an 18-month high.
US Labor Department data showed the core consumer price index was up 0.3% in September versus economist expectations for a rise of 0.2%.
Oil prices fall as investors weigh supply outlook, Middle East tensions
On an annual basis, it rose 2.6%, above forecasts for a rise of 2.5%, while the headline rate rose 3.7%, also above estimates for a rise of 3.6%.
Market pricing for an October Fed rate hike rose sharply to 50% on the back of the data, which gave the greenback a brief boost.
The Australian dollar fetched $0.6952, down 0.3%, after local employment unexpectedly slid in September. The kiwi traded up 0.2% at $0.5604.
The Japanese yen was up around 0.3% at 157.82.
Oil prices, a key indicator of currency parity, fell more than 1% on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.
Brent crude futures fell $1.64, or 1.6%, to $104.42 a barrel by 0337 GMT, while US West Texas Intermediate crude futures were down 98 cents, or 1%, to $94.11, reversing gains from the previous session.
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