iPhone | iPad
Android
Huawei
The US central bank is widely expected to raise interest rates by another 75 basis points
KT APPDOWNLOAD
Indian equity market gains lift rupee against UAE dirham
The dollar index was trading unchanged at 96.25.
Reuters
The Indian rupee appreciated by 10 paise to 74.48 against the US dollar (20.29 versus the UAE dirham) in opening trade on Wednesday, tracking gains in the Indian equity markets.
At the Indian interbank foreign exchange, the rupee opened strong at 74.54 against the American dollar, then inched higher to 74.48, registering a rise of 10 paise from the last close.
In the previous session, the rupee tumbled 30 paise to close at 74.58 against the US dollar.
Forex traders said growing concerns over the Omicron variant of the coronavirus and its impact on economic recovery, elevated crude oil prices and a strong greenback overseas weighed on the rupee and kept the appreciation bias limited.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 96.25.
Meanwhile, on the Indian equity market front, the 30-share Sensex was trading 144.01 points or 0.24 per cent higher at 59,999.94, while the broader NSE Nifty advanced 38.55 points or 0.22 per cent to 17,843.80.
Global oil benchmark Brent crude futures fell 0.22 per cent to $79.82 per barrel.
(with inputs from PTI)
More news from Markets
The currency slipped below 80 against the US dollar recently
Higher oil prices, global growth fears and a hawkish Fed could keep appreciation bias capped, expert says
Spot gold was up 0.16 per cent at $1,722.28 per ounce at 9.10am UAE time
The rupee opened at 79.86 against the American dollar
Spot gold was up 0.05 per cent at $1,726.28 per ounce at 9.12am local time
24K was trading at Dh205.0 per gram on Thursday morning
Inflation hit 9.1 per cent in June - another four-decade high