Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae3 hours ago
The Indian rupee gained 13 paise and touched 74.25 against the US dollar (20.23 versus the UAE dirham) in early trade on Thursday, supported by a firm trend in domestic equities and weak American currency.
The rupee opened at 74.32 against the dollar, then inched higher to 74.25, registering a gain of 13 paise over its previous close.
Meanwhile, the dollar index was trading 0.18 per cent down at 92.16.
The rupee started on a stronger note this Thursday morning against the greenback as the US Federal Reserve said that it was still a ways away from considering raising interest rates, Reliance Securities said in a research note. The US Federal Reserve said the economic recovery is on track despite a rise in Covid-19 infections but did not set a timeline for tapering Fed asset purchase.
Fed policymakers, in a unanimous statement, also said they were moving ahead with discussions about when to reduce the central bank’s $120 billion in monthly bond purchases, a precursor to eventually raising interest rates, the note added.
On the equity market front, BSE Sensex was trading 205.38 points or 0.39 per cent higher at 52,649.09, while the broader NSE Nifty advanced 64.35 points or 0.41 per cent to 15,773.75.
(with inputs from PTI)
Photonics is the study of light and has several applications including LED, VR, holograms, high-speed internet and solar panels among other things
uae3 hours ago
A delegation from Egypt arrived in Israel on Friday hoping to revive the truce negotiations
mena3 hours ago
The decision aims to protect the safety and security of pilgrims
gulf4 hours ago
They have been carrying out rescue operations for the last four years, drawing on their extensive experience in saving people from desert terrain
uae4 hours ago
Dubai Amateur 17-year-old Oscar Craig continues to showcase his impressive form with third-round level par 72 at Saadiyat Beach Golf Club
sports5 hours ago
The tragic incident led to the death of a number of innocent people from Yemen
mena5 hours ago
Alongside regional leaders, US Secretary of State Antony Blinken will attend the meetings
world5 hours ago
Twice Grand Slam champion Alcaraz is set to make his Olympic debut while Nadal will be eyeing his third gold medal after wins in Beijing and Rio
sports5 hours ago