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Continuing its downward trend, the Indian rupee hit a new low of Rs72.91 to a dollar; Rs19.85 to Dh1; on Wednesday morning. The rupee has been on a down slide owing to inflationary pressure and decline among its global peers against the dollar. On Wednesday, it opened at a low of 72.78 per dollar, against the previous close 72.69 per dollar.
Emerging markets will likely be beholden this week to a series of key decisions in the US. Top of the list is an announcement due as early as Monday on whether the US Treasury will name China a curre
Turkey’s lira and stocks rose on Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market stoc
The Gulf Today
Sterling hit a new 3-1/2 month high versus the euro and added to gains against the dollar on Wednesday on optimism that Britain and the European Union can agree a Brexit deal soon.
The Indian rupee plummeted further against the UAE dirham as the US dollar strengthened on Thursday.
As of 8:31 am, the Asian currency stood at 20.25 against the dirham and 74.4 against th
The Pakistani rupee plunged about 8 per cent on Tuesday in an apparent central bank devaluation, while the stock market snapped a six-day skid after the government said it plans to seek a bailout fro