The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
The Indian rupee appreciated five paise to 77.52 against the US dollar (21.12 versus the UAE dirham) in the opening trade on Wednesday as a firm trend in the Indian equities boosted investor sentiments.
However, surging global crude prices and unabated foreign capital outflows capped the appreciation bias in the local unit, forex traders said.
At the Indian interbank foreign exchange, the rupee opened at 77.54 against the American dollar, then gained some more ground to quote 77.52, registering a rise of five paise over the previous close.
It was moving in a close range of 77.54 to 77.51 in early deals. In the previous session, the rupee settled at 77.57 against the American currency.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 101.92.
On the Indian equity market front, the 30-share Sensex was trading 242.62 points or 0.45 per cent higher at 54,295.23 points while the broader NSE Nifty climbed 68.85 points or 0.43 per cent to 16,194 points.
ALSO READ:
Global oil benchmark Brent crude futures surged 1.20 per cent to $114.92 per barrel.
(with inputs from PTI)
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
She was shopping in Hong Kong, where she was on vacation with her family, when someone spotted her and asked if she'd like to become a model.
After the October 7 attacks, Israel imposed a complete siege on Gaza, blocking food, water and medicine, before eventually allowing some deliveries
The event highlighted Hilton's innovative ‘Green Ramadan’ initiative and its commitment to sustainable hospitality in Hilton
On every 19th of Ramadan, the country celebrates Sheikh Zayed Humanitarian Day to commemorate the humanitarian efforts of the founding father
Customers can earn miles with every purchase made with any linked payment card across all Union Coop stores and online
People will be trained for a couple of months before they are able to drive and fly it
Conditions are likely to get humid by night time