These babies were born at the stroke of midnight across the UAE as the country marked its National Day
After market hours on Wednesday, the Reserve Bank of India raised the ceiling on market stabilisation bonds (MSS) — used to absorb funds generated by its currency intervention — to Rs1.5 trillion ($37 billion) from Rs1.1 trillion.
At 9:55am (0425GMT), the rupee was at 40.43/44 per dollar, moving up from Wednesday's close of 40.5250/5350. It hit a nine-year high of 40.20 in late July.
"You don't buy a gun and shoot the first thing," said the chief dealer with a foreign bank. "The central bank is only getting the ammunition ready."The central bank has played an active role in the currency market, buying dollars through state-run banks in a bid to cap the rupee, which has gained about 9.5 per cent this year, driven higher by strong capital inflows into the fast-growing economy.
There is a chance of rainfall today in eastern areas of the country
The seven emirates were separate states and roads weren’t tarred, but hardened for vehicles to ply on
Sheikh Mohamed highlights the significant role of the prize in advancing sustainable development