The dollar price in the interbank market has reached Rs277.40, reflecting a decrease of 34 paisa.

The rupee was appreciated 0.1% during the opening hours of trading in the inter-bank market on Friday.

On Thursday, the rupee closed at 277.74 according to the State Bank of Pakistan (SBP).

Internationally, the US dollar remained near a six-week high on Friday, poised for its largest weekly gain since April due to increased safe-haven demand amid rising tensions in the Middle East.

Market activity is anticipated to be quiet as investors await US non-farm payroll data, which will influence the Federal Reserve’s interest rate outlook.

Recent data indicated a slight rise in the number of Americans filing new unemployment benefit applications last week, with the US labor market stabilizing at the conclusion of Q3.

The dollar index, which compares the US dollar to six other currencies, stood at 101.92, close to its six-week high of 102.09 reached on Thursday. For the week, the index has increased by 1.5%.

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Oil climbs after Israel strikes Gaza, truce talks continue

Rupee strengthens against US Dollar in intra-day trading

Oil climbs as dollar slips, but demand fears keep a lid on gains

Oil prices showed little change on Friday but were on track for substantial weekly gains. Investors are weighing the potential impact of a broader Middle East conflict on crude oil supplies against a well-supplied global market.

Brent crude futures dropped 8 cents, or 0.1%, to $77.54 a barrel as of 0415 GMT, while US West Texas Intermediate crude futures fell 6 cents, or 0.08%, to $73.65 a barrel. Both benchmarks are expected to achieve weekly gains of approximately 8%.