iPhone | iPad
Android
Huawei
Consider these factors to benefit from the advantages of EV
KT APPDOWNLOAD
Indian rupee depreciates against UAE dirham in early trade
It depreciated 23 paise to 79.68 against the US dollar
The Indian rupee depreciated 23 paise to 79.68 against the US dollar (21.71 versus the UAE dirham) in opening trade on Thursday, tracking the strength of the American currency in the overseas market and a muted trend in the Indian equities.
At the Indian interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a decline of 23 paise over the last close.
On Wednesday, the rupee gained 29 paise to settle at 79.45 against the dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06 per cent to 106.64, as the Federal Open Market Committee (FOMC) meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hikes.
Meanwhile, global oil benchmark Brent crude futures advanced 0.14 per cent to $93.78 per barrel.
“Higher dollar index is offset by lower oil prices, keeping the rupee in a narrow range while 10-year bond yields of India have gained as oil prices fall,” said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
On the Indian equity market front, the 30-share Sensex was trading 229.29 points or 0.38 per cent lower at 60,030.84, while the broader NSE Nifty was down 61.15 points or 0.34 per cent to 17,883.10.
Foreign institutional investors remained net buyers in the Indian capital market on Wednesday as they purchased shares worth Rs23.47 billion, as per exchange data.
(With inputs from PTI)
ALSO READ:
More news from
Every nook and corner in the capital city has a story to tell
Sojourns to soak in creativity
A huge shoutout to these splendid movies that were ignored in the nominations
shashi-tharoors-world-of-words
From toska to lagom: Words that exist in other languages to express concepts that have no English equivalent
There are numerous words in other languages to express ideas and emotions for which there is no English equivalent
Stuff that has everyone all agog with excitement
While ordering out at work can be tempting, there are quicker, cheaper and more convenient options that can be prepared at home
Building up a culture and habit of eating seasonal vegetables and fruits helps one stay connected to the natural cycle of produce. Local experts weigh in on why it is not only good for our bodies, but also for the environment