In an interview ahead of his much-awaited IIFA performance, the Bollywood star talks about embracing fatherhood, his craft and more
entertainment10 hours ago
The rupee opened on a cautious note and fell 10 paise to 69.14 against the US dollar in early trade on Friday amid rising crude oil prices and foreign fund outflows.
At the Interbank Foreign Exchange, the rupee opened weak at 69.12 then fell to 69.14 against the US dollar, showing a decline of 10 paise over its previous closing.
Against the UAE dirham, the rupee was trading at 18.80 at 9:3am (UAE time), according to XE.com.
The local unit however pared some losses and was trading at 69.05 against the American currency at 10:05 hrs.
The Indian rupee on Thursday had closed at 69.04 against the US dollar.
Forex traders said rising brent crude prices, cautious opening in domestic equities and foreign fund inflows weighed on the local unit, while weakening of the greenback vis-a-vis other currencies overseas added support to the local unit and restricted the downfall.
Meanwhile, brent crude futures, the global oil benchmark, rose 0.09 per cent to $63.45 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs126.65 crore Thursday, as per provisional data.
Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 90.13 points down at 37,737.62 and Nifty down 25.35 points at 11,226.80.
Meanwhile, on the global front, European Central Bank (ECB) in its policy decision on Thursday left key interest rates unchanged.
Other major global cues that are going to dictate the trend in the currency market include the US second quarter preliminary GDP print on Friday and the Federal Open Market Committee (FOMC) meeting on July 31, traders said.
In an interview ahead of his much-awaited IIFA performance, the Bollywood star talks about embracing fatherhood, his craft and more
entertainment10 hours ago
The actor, who recently dropped the single 'Ittefaq', shared the stage with 'Challeya' singer Shilpa Rao
entertainment10 hours ago
Fame is a double-sided coin, she explains
entertainment11 hours ago
The mission has supported more than 4,000 service seekers as part of this initiative
visa and immigration in uae11 hours ago
Experts recommended exploring the idea of further reducing working hours to see if it brings even more benefits
jobs11 hours ago
Bollywood celebrities have gathered in Abu Dhabi for the grand award show
entertainment11 hours ago
The captain said he was proud to represent UAE in an international arena
uae12 hours ago
With scores of applications being submitted, authorities have found more ways to provide flexibility to amnesty-seekers
visa and immigration in uae12 hours ago