The Pakistani rupee posted a marginal gain against the US dollar in the inter-bank market on Thursday.
At the close of trading, the local currency settled at 279.41 against the greenback, strengthening by Re0.01.
On Wednesday, the rupee had closed at 279.42.
In global markets, the US dollar paused its strong rally on Thursday, offering some relief to the euro as investors held on to cautious expectations that the conflict in the Middle East may not last as long as initially feared.
The dollar eased slightly from the more than three-month high reached earlier this week and was trading at 98.82 against a basket of major currencies.
Meanwhile, the euro remained steady at $1.1628 after slipping to a more than three-month low on Tuesday, while the British pound was largely unchanged at $1.3368.
The Japanese yen gained some support from the weaker dollar, rising 0.2% to 156.79 per dollar.
The Australian dollar maintained its 0.57% gain from the previous session and was last trading at $0.7068, while the New Zealand dollar edged slightly lower to $0.5939.
Oil prices, an important indicator influencing currency movements, increased on Thursday amid rising concerns about the prolonged closure of the Strait of Hormuz. The ongoing US-Iran conflict has disrupted vital oil and gas flows from the Middle East while production facilities continue to limit output.
Brent crude was up $1.67, or 2.05%, at $83.07 per barrel as of 0141 GMT.
Meanwhile, US West Texas Intermediate crude rose by $1.94, or 2.60%, to $76.60 per barrel.
