The Pakistani rupee posted a marginal gain against the US dollar in inter-bank trading on Monday, continuing a trend of slight currency stability nationwide markets.

At the close, the local currency settled at 280.01, recording a Re0.01 appreciation against the greenback during the latest trading session in inter-bank foreign exchange.

During the previous week, the rupee also gained marginally, appreciating by Re0.09 or 0.03 percent in the inter-bank market according to State Bank of Pakistan.

Globally, the US dollar retreated from a one-month high after prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell earlier on Monday trading.

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The dollar index fell 0.3 percent to 98.899, snapping a five-day winning streak following recent strength supported by US jobs data releases last week’s reports.

Oil prices dipped on Monday after Iran said it had total control following violence, easing supply concerns among investors across global energy markets and traders.

Brent crude slipped 0.4 percent to $63.12 while US WTI fell 0.4 percent to $58.87 by 0939 GMT after strong weekly gains recorded during trading.