On Monday, the UAE revealed the identities of three suspects from Uzbekistan along with their photos
uae14 hours ago
The Indian rupee gained 15 paise to 82.16 against the US dollar (22.38 against the UAE dirham) in early trade on Tuesday as the weakness of the American currency and a positive trend in Indian equities strengthened investor sentiments.
At the Indian interbank foreign exchange, the South Asian currency opened at 82.20 against the dollar, then climbed to 82.16, registering a rise of 15 paise over its previous close.
On Monday, the rupee closed at 82.31 against the US currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 102.59.
Brent crude futures, the global oil benchmark, declined 0.42 per cent to $77.79 per barrel.
“Indian rupee is likely to trade higher for the last few days of the financial year on the back of year-end flows which is keeping the broader range of 81.80-82.50,” said Amit Pabari, managing director, CR Forex Advisors.
“Furthermore, the rupee downside is capped due to the Fed's current liquidity injection programme and a strong willingness to support and halt any surge in the banking crisis which has hurt the US dollar’s demand. This could help the rupee march its move towards near 81.80 levels in the current month,” Pabari added.
In the equity market, the 30-share BSE Sensex advanced 113.76 points or 0.20 per cent to 57,767.62 points. The broader NSE Nifty gained 24.05 points or 0.14 per cent to 17,009.75 points.
Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs8.9 billion, according to exchange data.
(With inputs from PTI)
ALSO READ:
On Monday, the UAE revealed the identities of three suspects from Uzbekistan along with their photos
uae14 hours ago
The ministry said it has begun legal procedures to refer the trio to the Public Prosecution
uae17 hours ago
On Sunday, authorities announced the arrest of 3 perpetrators involved in Kogan's killing
uae22 hours ago
Future phases will be announced to include other services for unmanned aerial vehicle, such as flying operations for amateur individuals
uae1 day ago
Dubai American Academy converts cafeteria food waste into fertiliser after installing a ‘food-to-fertiliser machine’ on its premises
uae1 day ago
Doctors warn of a visible rise in oral herpes cases among school-aged children in the country especially in the cooler winter months
uae1 day ago
The night market is located near major hotels in Deira, and visitors can also enjoy free entertainment from different Filipino singers and comedians
uae1 day ago
Kogan, who was an emissary for the Chabad Hasidic movement in the Emirates, will be laid to rest in Israel
uae1 day ago