Indian rupee gains further against UAE dirham
Rupee strengthens to 73.02 against the US dollar.
The Indian rupee appreciated six paise to 73.02 against the US dollar (19.89 versus the UAE dirham) in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows.
At the Indian interbank market, the rupee opened at 73.04 against the dollar, then surged higher to 73.02, up six paise over its previous close.
In initial deals, the local unit also touched a low of 73.10 against the American currency.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.08 per cent at 92.52.
Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs 666.66 crore, as per exchange data.
On the Indian equity market front, BSE Sensex was trading 143.94 points or 0.25 per cent higher at 57,482.15, while the broader NSE Nifty advanced 40.30 points or 0.24 per cent to 17,116.55.
Meanwhile, global oil benchmark Brent crude futures fell 0.27 per cent to $71.40 per barrel.
(with inputs from PTI)
Companies and individuals licensed in the economic zones under the... READ MORE
Amazon to increase the area of its delivery stations by 70% and... READ MORE
Abdullah bin Touq Al Marri, Cabinet Member and Minister of Economy... READ MORE
The UAE participated in the 12th edition of the SALT Summit that took ... READ MORE
No casualties were reported. READ MORE
All scheduled international flights to and from India were banned... READ MORE
Players can solve challenges and race spacecraft in the adventure game READ MORE
Earlier, Sheikh Dr. Sultan had issued directives to hike the wages of ... READ MORE