Indian rupee touches 19.42 against UAE dirham
The rupee opened at 71.36 against the US dollar in the early trade.
The Indian rupee depreciated 8 paise to 71.34 against the US dollar in early trade on Monday tracking uncertainty over the US-China trade deal and subdued opening of the domestic equity market.
However, weakness in the US dollar against other currencies overseas and easing crude oil prices supported the domestic unit and capped the fall.
Also check: Today’s latest forex rates in UAE
At the interbank foreign exchange, the rupee opened at 71.36 against the US dollar, showing a decline of 8 paise over its previous closing. Against the UAE dirham, the rupee was trading at 19.42 at 9:30am (UAE time), according to XE.com.
On Friday, the local unit had closed an over three-week low of 71.28 against the US dollar.
Domestic bourses opened on a weak note on Monday with benchmark indices Sensex trading 126.40 points down at 40,197.21 and Nifty slipping 28.50 points to 11,879.65 ahead of the release of monthly industrial production data.
Foreign institutional investors purchased shares shares worth Rs932.20 crore on Friday, according to provisional exchange data.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.01 per cent to 98.34.
Crude oil benchmark, Brent Futures, eased 0.86 per cent to $61.97 per barrel.
The 10-year government bond yield was at 6.55 per cent in morning trade.
On the global front, US President Donald Trump said he has not agreed to roll back tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war.
Oil fell on the last trading day of the decade on Tuesday, but was... READ MORE
The Pakistan Stock Exchange ended 2019 on a positive note following... READ MORE
Dubai's index ended the year up more than nine per cent,... READ MORE
Senior industry executives and aviation analysts see 2020 as a... READ MORE
KT journalists are stationed across the country to bring you the... READ MORE
The proposal was beamed on the Burj Khalifa hours before the world's... READ MORE
Baby boy Hassan was born at 12:01 am. READ MORE
KT has had a Happiness Editor on our rolls since 2015 whose job it is ... READ MORE