The Pakistani rupee continued to gain, appreciating 0.01%, against the US dollar during trading in the inter-bank market on Monday.
At close, the local currency settled at 278.67, a gain of Rs0.03 against the greenback.
On Friday, the local unit closed at 278.70.
Moreover, the US dollar advanced for a second day against its major peers in Asian trade on Monday.
The euro was down 0.2% at $1.1757, the yen slipped 0.3% to 157.155 yen per dollar and the British pound was 0.3% lower at $1.3590. The risk-sensitive Australian dollar slipped 0.2% to $0.7229, while its kiwi counterpart weakened 0.3% to $0.5948.
The Fed held rates steady last month as expected, but the decision exposed its deepest split in decades, with three officials dissenting against signalling future rate cuts.
Meanwhile, oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a U.S. peace proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.
Brent crude futures climbed $2.70 or 2.67% to $103.99 a barrel at 0902 GMT. U.S. West Texas Intermediate was at $97.66 a barrel, up $2.24, or 2.35%. They rose to $105.99 and $100.37 a barrel, respectively, earlier in the session.