Printer Friendly

Indian Rupee falls to new low.

by Times TV

The value of Indian Rupee against the Omani Rial has drastically fallen, with the value of OMR1 reaching INR184. According to one of the exchange experts, there were a couple of worrying factors that could affect the value of the rupee further. "First, much of it is down to international factors. For instance, the trade wars and what's happening between Turkey and the United States. America has imposed higher tariffs on Turkish imports. Tensions between Iran and America is also not helping." - Madhusudhan, CEO, Global exchange.

He added that it is not just the Indian Rupee but the Chinese Yuan, Turkish currency lira, the British pound and the Euro have all been hit.

[c] Muscat Media Group Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Times of Oman (Muscat, Oman)
Date:Sep 3, 2018
Previous Article:U.S. cancels Pakistan aid over militant record.
Next Article:10 shops robbed in Muscat during Eid holidays: ROP.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters