The Pakistani rupee registered marginal gain, appreciating 0.01 against the US dollar in the inter-bank market on Friday.
At close, the local currency settled at 279.17, a gain of Re0.03, against the greenback.
On Thursday, the local unit closed at 279.20.
Moreover, the dollar pushed higher toward multi-month peaks on Friday as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts over any path to de-escalation.
The yen, on the other hand, was left on the cusp of 160 per dollar and stood at 159.61, while the euro was off a touch 0.03% at $1.1525. Sterling eased 0.05% to $1.3325.
Against a basket of currencies, the dollar was marginally higher at 99.93, though it was on track for a 2.3% rise this month, which would mark its biggest gain since July last year.
Separately, oil prices fell on Friday and were on track for the steepest weekly decline in six months after US President Donald Trump said talks to end the war with Iran were going well and that he would pause attacks on the country’s energy plants for 10 days.
Brent futures fell 84 cents, or 0.8%, to $107.17 per barrel as of 0353 GMT, while US West Texas Intermediate futures lost $1.02, or 1.1%, to $93.46 per barrel, trimming gains from a bullish previous session.
Both benchmarks were trading 4.6% lower on a weekly basis despite Brent rising 5.7% and WTI gaining 4.6% on Thursday on fears of further escalation of the war.
American Dollar Exchange Rate