The rupee appreciated 2 paise to 83.38 against the US dollar (23.16 against UAE dirham) in early trade on Tuesday, tracking a weak American currency and inflow of foreign funds in the domestic equities.
Forex traders said positive sentiment in the domestic equity markets and lower crude oil price also favoured the Indian currency.
At the interbank foreign exchange, the rupee opened at 83.37 against the dollar and then touched 83.38, registering a gain of 2 paise over its previous close.
Some 64% of UAE-based businessment live a global life, with a minimum of two and a maximum of six locations they call home: HSBC report
Strengthening Dubai-German economic cooperation, the opening of the BVMW office in Dubai will create great opportunities for BVMW members to connect with potential partners in Dubai and across the region
The taxable person cannot seek tax loss relief for losses occurring prior to the initiation of corporate tax
Last year, the UAE’s non-oil trade with its top 10 partners grew significantly
The combined GDP of the GCC countries has already touched the $2 trillion mark
Banks lending to individuals and sole proprietors need to take “sufficient” security for loans
Proofpoint analysis shows that 90% of the largest organisations in Saudi Arabia and 80% in the UAE have published a DMARC record