The Pakistani rupee showed a slight increase, appreciating by 0.07% against the US dollar in the inter-bank market on Wednesday.

By 10am, it reached 279.48, marking a gain of Re0.19.

On Tuesday, by the end of the day, the rupee was valued at 279.67, reflecting a slight decline of Re0.01 compared to the previous day’s closing rate of 279.66.

The safe-haven yen strengthened, approaching its highest level since October, as investor sentiment remained weak amid concerns about new tariffs from the administration of US President Donald Trump.

Meanwhile, the Canadian dollar lingered near a two-week low, with additional tariffs set to take effect next week.

The US dollar index, which tracks the currency against six key competitors, fell 0.1% to 106.17 early in the Asian session, nearing Monday’s low of 106.13, the lowest level since December 10.

Brent crude oil futures increased by 27 cents, or 0.4%, reaching $73.29 per barrel by 0134 GMT, while US West Texas Intermediate crude oil futures rose 25 cents, or 0.4%, to $69.18 per barrel.

On Monday, Pakistani rupee was appreciated by 0.03% in the inter-bank market during Monday’s early trading session.

Four days back, the rupee was trading at Rs279.45, which showed an increase of Re0.01 against the dollar. On Thursday, it had closed at 279.46.

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