The project’s aim is to generate funds for Harmony House, an orphanage located in India's Gurgaon
The Indian rupee declined 55 paise to 75.16 against the US dollar (20.47 against the UAE dirham) in opening trade on Thursday, amid a weak risk appetite after Russian President Vladimir Putin announced a military operation in Ukraine.
Forex traders in India said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.
At the Indian interbank foreign exchange, the rupee opened at 75.02 against the US dollar, then slipped further to 75.16, registering a decline of 55 paise from the last close.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.59 per cent to 96.75.
Global oil benchmark Brent crude futures jumped 4.67 per cent to $101.36 per barrel.
ALSO READ:
Russian President Vladimir Putin on Thursday announced a military operation in Ukraine. In a televised address, Putin said the responsibility for the bloodshed lies with the Ukrainian "regime".
Putin warned other countries that any attempt to interfere with the Russian action would lead to "consequences they have never seen".
Meanwhile, US President Joe Biden has warned that the world will hold Russia accountable for the death and destruction due to the "unprovoked" and "unjustified" attack on Ukraine and the US and its allies will respond in a "united and decisive" way.
On the Indian equity market front, the 30-share Sensex tanked 1,587.52 points or 2.77 per cent to trade at 55,644.54 while the broader NSE Nifty crashed 468.25 points, or 2.74 per cent, to 16,595.00.
(With inputs from PTI)
The project’s aim is to generate funds for Harmony House, an orphanage located in India's Gurgaon
Earlier, the Emergency, Crisis and Disaster Management confirmed the reopening of all roads in the emirate
His case was considered a milestone for #MeToo, in which women accused hundreds in entertainment, media, politics and other fields of sexual misconduct
Well-known communication expert Maha Abouelenein on what it takes to thrive in the age of social media
From cultural events, and culinary delights to outdoor adventures, here's a line-up of thrilling activities to make your weekend exciting
'The rom-com garnered $219 million worldwide after its premiere in December
The guitar will be auctioned on May 29 at the Hard Rock Cafe in New York
Fitness enthusiast Sarah Lindsay shares insights on what it takes to embark on a fitness journey and sustain it amidst a busy lifestyle