Indian rupee inches up against UAE dirham in early trade
- Date: 31-Oct-2023
- Source: Khaleej Times
- Sector:Financial Markets
- Country:UAE
Indian rupee inches up against UAE dirham in early trade
Support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas
By PTI Published: Tue 31 Oct 2023, 10:14 AM
The rupee inched up 1 paisa against the US dollar in early trade on Tuesday, as the support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas.
Forex traders said the dollar strengthened on safe-haven demand. However, a positive trend in domestic equities supported the rupee at lower levels.
At the interbank foreign exchange, the rupee was trading in a narrow range. The Indian currency opened at 83.26 against the dollar (23.12 against the UAE dirham). It rose slightly to 83.25 against the greenback in initial trade, up 1 paisa from its previous close.
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