Indian rupee gains 7 paise against UAE dirham in early trade

A muted trend in the domestic equity markets restricted gain in the local unit

By PTI

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Photo: Reuters
Photo: Reuters

Published: Mon 18 Dec 2023, 9:57 AM

The rupee appreciated 7 paise to 82.96 against the US dollar (23.04 UAE dirhams) in early trade on Monday, as a weak American currency in the overseas markets and unabated foreign fund inflows boosted investor sentiment.

However, a muted trend in the domestic equity markets restricted gain in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened 6 paise higher at 82.97 against the dollar (23.047 UAE dirham). In early trade, the rupee was oscillating between 82.95 and 83.02 (23.04-23.06 UAE dirham).

[For real-time forex rates, click the widget below or visit KT's dedicated Trading News page here.]

In initial deals, the rupee was trading at 82.96 against the US dollar, a gain of 7 paise over its previous close.

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