Indian rupee drops to 19.94 versus dirham

Dubai - Dollar gains against major currencies in Asian markets

The Indian rupee fell nine paise to 73.18 against the US dollar (19.94 versus the UAE dirham) on Thursday morning as dollar gained against major currencies in the Asian markets.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06 per cent to 89.96.

Meanwhile, the Indian stock markets opened higher on Thursday after foreign investors turned buyers the previous day.

The Bombay Stock Exchange (BSE) Sensex was trading 309.99 points or 0.60 per cent higher at 52,159.47, while the NSE Nifty advanced 85.90 points or 0.55 per cent to 15,662.10.