In the interbank market, the Pakistani rupee recorded a 0.06 percent appreciation against the US dollar during the early hours of trading on Monday, improving by 17 paisas to reach 280.15 per dollar. Last week, the rupee had closed at 282.32 per dollar after strengthening by 10 paisas, or 0.04 percent.
On the international front, the US dollar remained under pressure on Monday, while the euro and the British pound held steady ahead of upcoming decisions by their respective central banks.
During early Asian trading, most currencies remained within a narrow range as investors prepared for a busy week that includes the release of US inflation data and the closely watched non-farm payrolls report.
The Japanese yen showed little movement, while a key central bank survey released on Monday revealed that business confidence among major Japanese manufacturers has reached its highest level in four years.
The Japanese currency weakened slightly by 0.1 percent to 155.94 per dollar. In early Asian trading on Monday, sterling fell 0.17 percent to $1.3359, while the euro declined 0.09 percent to $1.1730.
The Australian dollar slipped 0.11 percent to $0.6647, while the New Zealand dollar rose 0.08 percent to $0.5807.
The US Federal Reserve, which has been under scrutiny, cut interest rates by 25 basis points last week to support a weakening labor market.
It is worth noting that against a basket of major currencies, the US dollar has struggled to recover from nearly a two-month low and was last trading around the 98.43 level.
