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Government's decision to hike the tax rate on capital gains dampened market sentiment
Gold & Forex Rates
While most Asian currencies rose by 0.1% to 0.2%, the rupee was unable to gain due to heightened demand for dollars
With more than 230,000 Pakistanis migrating to the UAE in 2023 in search of greener pastures, remittances are expected to increase in the coming years
The offshore Chinese yuan was up slightly at 7.28 after declining to its weakest level since November on Monday
Financial markets in India were shut on Monday for a holiday
Routine interventions by the central bank have supported the currency over recent trading sessions
The currency came under pressure following a weaker-than-expected showing by the Narendra Modi-led coalition in the national elections on Tuesday
The Central Bank likely intervened in the non-deliverable forwards market to support the rupee, seven traders said