Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
The Indian rupee depreciated 32 paise to 74.63 against the US dollar (20.33 versus the UAE dirham) in opening trade on Tuesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.
At the Indian interbank foreign exchange, the rupee opened on a weak note at 74.63, registering a decline of 32 paise from the last close.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.22 per cent to 93.98.
Sriram Iyer, senior research analyst at Reliance Securities, said the Indian rupee opened weak this Tuesday morning against the dollar, tracking the strength of the greenback.
Additionally, strengthening crude oil prices and risk-off sentiments could weigh on the markets, he said.
Most emerging market and Asian currencies have started weaker this Tuesday morning and will weigh on sentiments, Iyer noted.
On the Indian equity market front, the 30-share Sensex was trading 107.03 points or 0.18 per cent lower at 59,192.29. The broader NSE Nifty was trading 22.50 points or 0.13 per cent down at 17,668.75.
(With inputs from PTI)
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
It's a treatise that would determine the course of your life, not just academically, but as a person too
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026