The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Friday.
The local unit closed the day at 276.75, a gain of Re0.01 against the greenback.
On Thursday, the rupee had closed at 276.76 against the dollar.
Globally, the yen was steady on Friday ahead of the Bank of Japan’s policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety.
The BOJ is set to keep interest rates on hold at 1.25% in a widely anticipated move despite elevated inflation pressures, with a hawkish tone expected and markets pricing in about an 80% chance of a December hike.
The yen weakened a touch on the day to around 157.815 per dollar and was on track for a 0.2% decline this month against the dollar.
The dollar index, which measures the US currency against a basket of peers, was a shade weaker at 101.77. It was set for a 0.3% gain this month, marking a second straight monthly rise.
The greenback is largely weighed by a dip in US Treasury yields as safe-haven assets attract new bids.
The yield on the benchmark US 10-year Treasury note was last 4.8958% and that on the 30-year bond fell to 5.2623%, both at their lowest in over a month.
Oil prices, a key indicator of currency parity, rose on Friday — set for a fourth monthly gain — as an attack on a tanker in the Strait of Hormuz highlighted the continuing supply risks from the US-Israeli war on Iran, which has entered its eighth month.
Brent crude futures for December, which expire on Friday, advanced $1.20, or 1.04%, to $116.08 a barrel as of 0323 GMT.
The more-active January contract gained $1.39 to $112.19.
US West Texas Intermediate (WTI) crude futures climbed$1.37, or 1.34%, to $103.37.
For the month, Brent was on course to finish nearly 11% higher, while WTI was heading for a 14% jump.