The total value of detected currency in Indian rupee
has been estimated at Rs.
Broadly since the beginning of the year, "Indian rupee
has lost about 11 percent of its value in nominal terms vis a vis the US dollar", said IMF spokesperson Gerry Rice, responding to a question on the fall of the Indian currency in the last few months.
Through this agreement, Mashreq Bank has opened new avenues for external commercial borrowings funded through the UAE and disbursed in Indian Rupees
. - TradeArabia News Service
On the other hand, the Association of Bhutanese Industries (ABI) General Secretary, Jochu Thinley said that the INR cash shortage in Bhutan due to demonetization in India is affecting Bhutan's industries because from the Indian Rupee
account that industries maintain, they were earlier allowed to withdraw 10 percent as cash to pay transporters, labourers, toll tax, fuel, 'goonda tax', local syndicate payments, etc.
While the MSCI Futures contracts launched last week were designed for an institutional investor base, these two products of Mini Indian Rupee
Futures primarily have a retail focus.
"Even if the inflation on the ground remains little more than government figures, which shows a sharp decline, the remarkable fall of Indian rupee
has made our life a little easier," added another.
The contract is one-tenth the size of regular DGCX Indian Rupee
Dubai Gold and Commodities Exchange's (DGCX) said the trading on its newly launched Indian Rupee
Options Contract will start from tomorrow (September 26).
Dubai: The Indian rupee
is facing a double whammy, one on the dollar front and the second one due to internal factors.
MUSCAT: Indian rupee
may further appreciate in the coming weeks, after touching a two-year high, hitting hard on the remittances of Indian expatriates working in the Gulf countries, according to sources in money exchange houses.