The Emirates Times

Linkedin Twitter Facebook Tumblr

The Emirates Times

– Make It Happen
Enquire Now
Menu
  • HOME
  • INTERVIEW
  • UAE
  • GULF NEWS
    • Dubai
    • Jordan
    • Bahrain
    • Abu Dhabi
    • Saudi Arabia
    • Oman
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • EVENT
  • SUCCESS STORIES
  • METAVERSE

The Emirates Times

– Make It Happen
Menu
  • Home
  • Interview
  • UAE
  • Gulf News
    • BUSINESS
    • Dubai
    • Jordan
    • Saudi Arabia
    • Abu Dhabi
    • Bahrain
    • Oman
  • Technology
  • Lifestyle
    • Biography
    • EVENT
  • Metaverse
Home UAE

Indian Rupee Starts the Week Strong, Surging Against UAE Dirham

April 10, 2023
in UAE
0 0
0

In early trade on Monday, the Indian rupee accumulated 24 paise to 81.78 against the US dollar and 22.8 against the UAE dirham showing a positive trend in the foreign fund and equities inflows.

Indian Rupee
Indian Rupee

At the Indian interbank foreign exchange, the rupee extended at 81.90 against the dollar and then jumped to 81.78, recording a hike of 24 paise over its last close. 

On Thursday, the rupee closed at 82.02 against the US currency, while on April 7, the equity and forex markets remained closed due to Good Friday. 

However, the dollar index, which estimates the firmness of the greenback against a hamper of six currencies, increased from 0.11 percent to 102.20. Besides, Brent crude futures, the global oil benchmark, decreased by 0.22 percent to $84.93 per barrel. 

The rupee remained unaffected after the meeting of Reserve Bank of India Monetary Policy. 

Amir Pabari, managing director of CR Forex Advisors, stated, ” The halt in the rate increase can further compress the interest rate differences between the Indians and the US and also can put pressure on the rupee. Moreover, the market will continue to check the development of rising Covid cases in India”. He added on April 9 that India reported around 5,357 new Covid cases, with active cases of around 32,000.

Pabari added that, Moreover, it has also been observed that RBI hardly keeps the dollar- rupee below 81.80- 81.50 levels. Hence this zone acts as a strong support for the pair. 

In the Indian equity market, the  30 shares of BSE Sensex progressed to 55.91 points or 0.09 percent to 59,888.88. The broader NSE Nifty increased to 22.25 points or 0.13 percent to 17, 621.40. 

According to the exchange data, Foreign Institutional Investors (FIIs) were the net buyers on Thursday’s capital market, as they bought shares worth Rs4.75 billion.

Next Article

Tags: Rupee Starts the Week StrongSurging Against UAE Dirham
ShareTweetSend
Next Post
Life-Saving Surgery

UAE Surgeons Perform Life-Saving Surgery on 90-Year-Old Emirati

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Latest Posts

UK Property
Real Estate

UK Property – What the Agents Don’t Tell You

by Editor
June 10, 2025
0

UK Property – What the Agents Don’t Tell You There has been little good news coming out of the UK...

Read more
FIBA Asia Cup 2025 Announced: Saudi Arabia Set to Host Prestigious Basketball Tournament in Jeddah

FIBA Asia Cup 2025 Announced: Saudi Arabia Set to Host Prestigious Basketball Tournament in Jeddah

June 6, 2025
UAE Announces Powerful Four-Day Public Holiday for Arafat Day and Eid Al Adha 2025...

UAE Announces Powerful Four-Day Public Holiday for Arafat Day and Eid Al Adha 2025…

June 5, 2025
India Passport Overhaul Sparks New Era of Efficiency for UAE’s Indian Community.

India Passport Overhaul Sparks New Era of Efficiency for UAE’s Indian Community.

June 4, 2025
Saudi Arabia Eases Alcohol Rules Ahead of World Cup 2034

Saudi Arabia Eases Alcohol Rules Ahead of World Cup 2034.

June 3, 2025

Follow Us

The Emirates Times

– Make It Happen
The Emirates Times is an English Language Internet media with a significant focus on business, technology, news, entrepreneurship, leadership, innovation, prominent business personalities, and many more, majorly in the GCC region. Further, the company publishes interviews, news, business content, press releases, etc. This platform also publishes about real estate, sports, metaverse, business ideas, and more.
Linkedin Twitter Facebook Tumblr

Important links

  • HOME
  • INTERVIEW
  • UAE
  • GULF NEWS
  • TECHNOLOGY
  • LIFESTYLE
  • METAVERSE

Contact Us

  • sales@theemiratestimes.com
  • +91-70-6556-6556

© 2024 theemiratestimes