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Indian rupee flat against UAE dirham in early trade
This comes amid gains in stocks and losses in the dollar against major rivals in global markets
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The Indian rupee traded almost flat at 81.95 against the US currency (22.32 against the UAE dirham) in the opening trade on Monday amid gains in stocks and losses in the dollar against major rivals in global markets.
The rupee opened lower by 4 paise at 82.00 against the dollar at the interbank foreign exchange market.
The currency moved in a narrow range before trading at 81.95 against the greenback, appreciating just 1 paisa compared to the closing level of 81.96 on Friday.
The dollar index, which gauges the greenback's strength against a basket of six currencies, eased 0.16 per cent to 102.73.
Crude oil price benchmark Brent crude was up 0.19 per cent to $73.99 per barrel.
In the Indian equity market, the 30-share BSE Sensex rose 105.07 points or 0.17 per cent to 63,084.44 points and the broader Nifty gained 49.15 points to 18,714.65 points in early trade.
Foreign Portfolio Investors (FPIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs3.44 billion, according to exchange data.
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