Indian rupee falls 4 paise against UAE dirham in early trade

Reuters

Investors will keep a close watch on the Reserve Bank's monetary policy decision to be announced later this week

Staff Writer, Khaleej Times

February 5, 2024

PHOTO

The rupee depreciated 4 paise to 83.02 against the US dollar (22.62 against UAE dirham) in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market.

However, positive cues from the domestic equity markets and inflow of foreign funds supported the Indian currency, forex traders said.

Investors will also keep a close watch on the Reserve Bank's monetary policy decision to be announced later this week, they said.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.