MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
The Indian rupee appreciated around 10 paise to 74.37 against the US dollar or 20.26 versus UAE dirham on Thursday morning, helped by the domestic equity market.
On Wednesday, the Indian rupee fell 105 paise to mark its biggest single-session drop in over 20 months against the US currency amid concerns over surging Covid-19 cases in South Asia’s most populous nation.
"(India’s central bank) Reserve Bank of India could present on Thursday measures to curb volatility and could cap losses," Reliance Securities said in a research note.
Asian currencies were mostly lower and could cap gains, the note added.
On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 407.35 points higher at 50,069.11 on Thursday morning, and the broader NSE Nifty advanced 121.20 points to 14,940.25.
(With inputs from PTI)
waheed@khaleejtimes.com
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
The group accused Israel, which has so far refused to comment, as US denies involvement
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
Israel has not yet commented on the explosions
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region