KHALEEJ TIMES, Thursday, Aug 26, 2021 | Muharram 18, 1443
Indian rupee gains against dirham, trades at 20.19
Emirates:
The Indian rupee appreciated 13 paise to
74.11 against the US dollar (20.19 versus the UAE dirham) in opening trade on
Thursday, tracking a positive trend in the Indian equity market.
At the Indian interbank market, the rupee opened
at 74.22 against the dollar, then surged higher to 74.11, rising 13 paise over
its previous close.
Meanwhile, the dollar index, which gauges the
greenback's strength against a basket of six currencies, was up 0.06 per cent at
92.87.
On the Indian equity market front, BSE Sensex was
trading 116.17 points or 0.21 per cent higher at 56,060.38, while the broader
NSE Nifty advanced 38.50 points or 0.23 per cent to 16,673.15.
Traders said investors are awaiting cues on the
scaling back of the easy monetary policy by the US Federal Reserve ahead of the
important Jackson Hole Symposium.
"Jackson Hole Symposium starts today with Jerome
Powell's speech tomorrow. The market is awaiting his comments before taking the
next call on market movement," said Anil Kumar Bhansali, Head of Treasury,
Finrex Treasury Advisors.