Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business2 days ago
The rupee paused its three-day slide and inched up 2 paise to 83.23 against the US dollar (23.11 UAE dirhams) in early trade on Friday amid positive cues from the domestic equity markets and a weak American currency overseas.
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An upward trend in the crude oil prices and selling pressure from foreign equity investors continued to weigh on the Indian currency, forex traders said.
At the interbank foreign exchange market, the local unit opened at 83.24 (23.12 UAE dirhams) and gained further to reach 83.23 (23.11 UAE dirhams) against the greenback, up 2 paise from its previous close.
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