iPhone | iPad
Android
Huawei
The health ministry has ensured the safety of 'a very limited number' of people who showed some symptoms of being affected by 'the mixed water'
KT APPDOWNLOAD
Indian rupee opens lower against UAE dirham
In the previous session on Tuesday, the rupee settled 8 paise lower at 82.70 against the US dollar
File photo
The Indian rupee depreciated five paise to 82.75 against the US dollar (22.54 versus the UAE dirham) in early trade on Wednesday as the strengthening of the American currency against key rivals and firm crude prices in global markets weighed on the rupee.
However, a higher opening in Indian equities supported the South Asian currency and capped the losses, forex traders said.
At the Indian interbank foreign exchange, the rupee opened weak at 82.76 against the dollar, then inched higher to 82.75, registering a decline of 5 paise over its last close.
In the previous session on Tuesday, the rupee settled 8 paise lower at 82.70 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10 per cent to 104.07.
Brent crude futures, the global oil benchmark, advanced 0.39 per cent to $80.30 per barrel.
In the Indian equity market, the 30-share BSE Sensex was trading 255.63 points or 0.41 per cent higher at 61,957.92.
The broader NSE Nifty rose 67.15 points or 0.37 per cent to 18,452.45.
Foreign institutional investors (FIIs) turned net buyers in the capital markets on Tuesday as they purchased shares worth Rs4.56 billion, according to exchange data.
Fitch Ratings on Tuesday affirmed India’s sovereign credit rating at ‘BBB-‘ with a stable outlook, saying the rating derives strengths from a robust growth outlook and still-resilient external finances.
The agency, however, expects a modest fiscal slippage in the current financial year with a central government fiscal deficit at 6.6 per cent of GDP, against 6.4 per cent pegged in the Budget, due to higher food and fertiliser subsidies.
(With inputs from PTI)
ALSO READ:
More news from UAE
It is expected to roll out preventive and proactive strategies, train and qualify specialists, and prepare scientific research and forecasting studies
Spot gold was steady at $2,317.41 per ounce after staying mostly in negative territory earlier in the day
It is likely to be humid by night and Friday morning over some coastal and internal areas
Hundreds of social workers and volunteers are working round the clock, providing essentials to those affected by the unprecedented rainfall
The Abu Dhabi Awards winner encourages everyone, regardless of their land size, to engage in farming
The floodwaters spared nothing, soaking their furniture, rendering household appliances useless, and destroying the newly-purchased school books
All official donation channels however remain open through the outlets announced by government agencies
