This comes a day after hundreds of pagers owned by Hezbollah members detonated simultaneously injuring thousands
The Indian rupee slipped 10 paise to 74.20 against the US dollar (20.21 against UAE dirham) at the opening of the trade on Tuesday due to rising oil price and stronger US dollar.
Oil benchmark Brent crude futures rose 0.32 per cent to $75.14 per barrel. While the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 0.03 up 91.93 per cent.
"Asian currencies have started weak against the greenback this Tuesday morning and surging crude oil prices could continue to keep appreciation bias limited," Reliance Securities said in a research note.
"The US dollar index was flat this morning in Asian trade ahead of the Fed Chairman Powell testimony tonight. Investors will wait and watch if he confirms the hawkish outlook or tries to row back market expectations of faster tightening," the Reliance Securities'' note said.
The Bombay Stock Exchange (BSE) Sensex was trading 471.17 points or 0.90 per cent higher at 53,045.63, while the broader NSE Nifty advanced 144 points or 0.91 per cent to 15,890.50.
This comes a day after hundreds of pagers owned by Hezbollah members detonated simultaneously injuring thousands
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
Israel has not yet commented on the explosions
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
The 42-year-old former opener praised India's world-class bowlers for making a difference to the set-up
Economic growth in the GCC is projected to more than double to 4.4 per cent in 2025