The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment6 hours ago
The rupee appreciated by 32 paise to 71.70 against the US dollar in early trade on Tuesday amid revival of US-China trade talk hopes and gains in domestic equity market.
The rupee on Monday had declined by 36 paise to close below the 72 level against the US currency for the first time in nine months, hit by a 'flash crash' in global currencies due to uncertainty over the trade front.
At the interbank foreign exchange on Tuesday, the rupee opened at 71.70, registering a rise of 32 paise over its previous close of 72.02.
Against the UAE dirham, the rupee was trading at 19.53 at 11:05am (UAE time), according to XE.com.
The domestic unit pared some gains and was trading at 71.85 against the dollar at 10:01 hrs.
Forex traders said higher opening in domestic equities and the latest remark by US President Donald Trump on trade talk with China enthused investors.
Trump said his trade negotiators had received two "very good calls" from China and it was a sign that China is serious about reaching a deal and that talks would begin soon.
"I think we're going to have a deal, because now we're dealing on proper terms. They understand and we understand," Trump said.
Market participants, however, said rising crude oil prices and foreign fund outflows weighed on the currency.
Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 752.90 crore on Monday, according to provisional exchange data.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.08 per cent to 98.
Brent crude futures, the global oil benchmark, rose 0.51 per cent to trade at $59.00 per barrel.
Domestic bourses opened on a positive note on Tuesday with benchmark indices Sensex trading 83.20 points higher at 37,577.32 and Nifty up 45.80 points at 11,103.65.
The 10-year government bond yield was at 6.44 per cent in morning trade.
The paths of these two stars have intersected on several occasions due to their association with the luxury brand Bulgari
entertainment6 hours ago
The students' demands range from a ceasefire in Israel's war with Hamas to calls for universities to stop investing in Israeli enterprises
world6 hours ago
Despite Kohli's flowing form ahead of the T20 World Cup in June, pundits have raised concerns over his strike-rate
cricket6 hours ago
Saudi Arabia has begun to explore extracting lithium from sea water
business7 hours ago
Speaking after meeting Lebanese leaders, French foreign minister says there had been "a lot of progress" over the French proposals
mena7 hours ago
The three-shot winner from Japan says he is aiming to become a member of the PGA Tour in the future
sports7 hours ago
Big-hitting Nienaber falters at the finish to settle for secondwhile former Abu Dhabi resident David Horsey takes the third spot at Saadiyat Beach Golf Club
sports7 hours ago
The UAE is India's second-largest export destination after the US
economy8 hours ago