The market is also buying, as current levels on the dollar-rupee pair are quite appealing for importers, says a foreign exchange trader The Indian rupee rose to its strongest level in six months on Thursday — but likely intervention from the Indian central bank eroded the unit’s early gains. The South Asian currency stayed firm…
Parkin Company PJSC today announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and demand from retail investors. Following the approval of the Securities and Exchange Authority (SCA), the UAE Retail Offer has been increased to 89,964,000 ordinary…
The rupee touched an early high of 82.98 against the US dollar and a low of 83.01 in initial trade The rupee declined marginally to 83.01 against the US dollar (22.61 against UAE dirham) in early trade on Tuesday amid a muted trend in domestic equities. A stronger American currency and elevated crude oil prices…
Investors were waiting for economic data from China, the US and Federal Reserve Chairman Jerome Powell’s speech to know how interest rates would pan out Gold prices opened higher by half a dirham per gram in the UAE on Tuesday morning in line with the global rates. The Dubai Jewellery Group data showed 24K trading…
Expert says yellow metal has softened after hawkish remarks from Fed Chair Jerome Powell, is beginning to look vulnerable to a break below key support Gold prices were steady in the UAE on Thursday morning after hitting a three-month low on Wednesday. According to Dubai Jewellery Group data, the 24K was trading at Dh233.75 per…
Republican says US debt-ceiling talks paused European stocks rose on Friday and Germany’s blue-chip index hit a record high as hopes of progress in US debt ceiling talks boosted risk sentiment, although negotiations appeared to have reached an impasses moments after markets closed. The DAX, which houses Germany’s top 40 companies, closed 0.7 per cent…
Positive sentiments in the equities market and inflow of foreign funds provided support to the currency The Indian rupee declined 2 paise to 81.96 against the US dollar (22.33 versus the UAE dirham) in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price. According to…
