Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
The Indian currency slumped 34 paise to 72.85 against the US dollar (19.85 versus dirham) in opening trade on Tuesday.
At the interbank forex market, the domestic unit opened at 72.85 against the US dollar, falling 34 paise over its previous close.
On Friday, the rupee closed at 72.51. The Indian markets were closed on Monday for Holi festival.
Reliance Securities said the US dollar was flat against the basket of currencies in Asian trade. However, downside could be capped amid a spike in treasury yields, as accelerating vaccinations and massive stimulus in the US stoked inflation concerns.
Brent price rose 0.11 per cent to $65.05 per barrel.
In Pakistan, rupee made smart gains, strengthening to 41.68 against the UAE dirham on Tuesday morning as against Dh42.0 in the previous day, according to xe.com.
The rupee was trading 152.9 against the US dollar.
The rally in Pakistani currency is driven by foreign funds inflow through different government initiatives including the launch of Roshan Digital Account, Naya Pakistan Certificates and tightening the rules to control ‘hawal’ operators.
waheedabbas@khaleejtimes.com
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
It's a treatise that would determine the course of your life, not just academically, but as a person too
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026