DH Latest NewsDH NEWSLatest NewsNEWSBusiness

Forex Market: Indian rupee gains against US dollar, UAE dirham

Mumbai: The Indian rupee edged higher against the US dollar and UAE dirham in the forex market. The weakening of the US dollar and positive trend in the Indian equity market supported the local currency. However, sustained  foreign fund outflows and surging crude prices in the international markets restricted the  gain of the domestic currency.

At the interbank foreign exchange, the Indian rupee opened marginally  strong at 77.69 against the American dollar. During trading, it then reached at  77.66, registering a rise of 4 paise over the last close. On Friday, the Indian  rupee had settled at a record low of 77.70 against the American currency. It is trading at 21.16 against the UAE dirham.

Also Read; Commodity Market: Gold price surge marginally

dollar index, which measures the US dollar’s strength against a basket of six currencies, was trading 0.42% lower at 102.71.


Post Your Comments

Back to top button