The Pakistani rupee posted a slight gain against the US dollar on Wednesday, appreciating by 0.01% in the inter-bank market.
By the close of trading, the local currency settled at 278.72, improving by Rs0.03 compared to the previous session.
A day earlier, the rupee had finished at 278.75 against the greenback.
Globally, the US dollar weakened versus most major currencies. The Japanese yen climbed to a more than two-month high amid expectations of possible market intervention.
The euro rose to $1.1740, while the British pound (sterling) reached $1.3594, with both currencies gaining around 0.4% during the session.
The Australian dollar touched a four-year peak at $0.7250, and the New Zealand dollar advanced over 1% to $0.5951, marking its highest level in nearly two months.
Meanwhile, the dollar index slipped करीब 0.3% to 98.026.
In commodity markets, oil prices continued to decline, hitting two-week lows after a report by Axios suggested Washington was nearing a framework agreement with Iran to end the conflict.
Brent crude futures dropped $6.70, or 6.1%, to $103.17 per barrel by 0856 GMT, after touching their lowest level in nearly two weeks. U.S. West Texas Intermediate crude fell $6.77, or 6.6%, to $95.50.
Both benchmarks were on course for their steepest daily losses—both in percentage and absolute terms—since mid-April, following an approximate 4% decline in the previous session.
