The rupee's move is coming on the back of its best weekly performance in more than four months on cooling US inflation
The rupee's move is coming on the back of its best weekly performance in more than four months on cooling US inflation
The Indian diaspora accounts for 3.7 million of the UAE’s over 9.6 million population
Asian shares and currencies rose, while the dollar index slipped below 100 to a fresh 15-month low as expectations of the Federal Reserve pausing interest rate hikes firmed up
The dollar index tumbled to their lowest in more than a year and US yields dropped after data showed that US inflation slowed at a faster-than-expected pace
The dollar index, which gauges the greenback's strength against a basket of six currencies, rises 0.05% to 102.96
Robust inflow of foreign funds into Indian equity markets strengthen the currency
Exchange houses are looking forward to an internal payment system which will enable instant transfer of funds from several bank accounts through a single app
Dollar was trading at an elevated level of 104 as a positive development on the US debt ceiling bill boosted investors' sentiment
The currency note will be withdrawn from circulation, left many Indian expatriates and tourists in UAE facing difficulties in exchanging their banknotes
Forex traders say a positive trend in Indian equities, foreign fund inflows and crude oil prices below $80 a barrel supported the South Asian currency