Indian rupee touches 19.32 vs UAE dirham

The rupee opened weak at 70.92 then fell to 70.93 against the dollar in the early trade.

By PTI

Published: Wed 7 Aug 2019, 9:24 AM

Last updated: Wed 7 Aug 2019, 11:32 AM

The rupee opened on a weak note and fell 12 paise to 70.93 against the US dollar in early trade on Wednesday ahead of the outcome of Reserve Bank of India's monetary policy review meet.
Against the UAE dirham, the rupee was trading at 19.32 at 9:30am (UAE time), according to XE.com.
Forex traders besides RBI's monetary policy review outcome, unabated foreign fund outflows and cautious opening in domestic equity market also weighed on the local unit.
At the Interbank Foreign Exchange, the rupee opened weak at 70.92 then fell to 70.93 against the dollar, showing a decline of 12 paise over its previous closing.
The Indian rupee on Tuesday had closed at 70.81 against the dollar.
Traders said weakening of the greenback vis-a-vis other currencies overseas and easing crude oil prices added support to the local unit.

Markets

More news from Markets

Markets

Hawkish Fed gives value stocks a second wind

Yields on the benchmark 10-year US Treasury are on track for their biggest weekly gain since September, 2019, while technology and growth stocks have tumbled and investors snapped up shares of banks, energy firms and other economically sensitive companies

Markets1 week ago

Markets

Stock markets attract Dh1.4 billion in the first ‘Friday’ of 2022

Friday session was the first in the history of the markets after the entry into force of the new trading dates as of January 3, to become from Monday to Friday for a period of five hours a day

Markets1 week ago