The UAE had earlier tightened real estate investment rules and asked property agents, brokers, and law firms to report cash transactions worth Dh55,000 and above
business4 days ago
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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