Markets
Logo
 

Indian rupee rises against UAE dirham

Staff Report/Dubai
Filed on July 27, 2021

(Agencies file)

Asian currencies have started marginally stronger against the greenback this morning.

The Indian rupee rose seven paise to 74.35 against the US dollar (20.25 versus the UAE dirham) in early trade on Tuesday, tracking positive domestic equities.

Forex traders said the rupee is trading in a narrow range as investors are awaiting cues from the US Federal Reserve’s policy decision due on Wednesday.

The rupee opened at 74.36 against the dollar in the interbank market and then inched higher to 74.35, registering a gain of seven paise over its previous close.

The dollar index was trading 0.05 per cent down at 92.60.

Asian currencies have started marginally stronger against the greenback this Tuesday morning and could lend support, Reliance Securities said in a research note.

On the equity front, BSE Sensex was trading 119.08 points or 0.23 per cent higher at 52,971.35, while the broader NSE Nifty advanced 49.95 points or 0.32 per cent to 15,874.40.

(with inputs from PTI)





ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /business/markets/20210727/indian-rupee-rises-against-uae-dirham macro_action: article, macro_profile: ,1038,1036 macro_adspot:
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery