Arabian Business10d
Massive spike in remittances by Gulf-based NRIs as rupee nosedives to record levels
The rupee's sharp decline is likely to drive a further increase in non-resident Indian (NRI) remittances, particularly from ...
Khaleej Times on MSN4d
Internationalising the rupee will reduce pressure on Indian forex reserves
Question: Are non-resident Indians (NRIs) eligible to open a rupee account with the Gulf branches of Indian banks? I am ...
Hosted on MSN19d
Gulf markets fall on trade war escalation fears
Major stock markets in the Gulf fell in early trade on Monday in line with markets ... while the BSE Sensex shed 0.41 per cent to 77,186.74. The Indian rupee weakened past 87 per dollar for the first ...
Rupee ends lower as NDF maturity spurs dollar bids, Asian peers decline
The Indian rupee settled weaker on Tuesday, pressured by dollar demand spurred by the maturity of positions in the ...
Gulf Times15d
RBI cuts rates for first time in nearly 5 years
India’s benchmark 10-year bond yield was up five basis points at 6.70% after the announcement, while the rupee and benchmark equity indexes weakened marginally. “The MPC refrained from an ...
Khaleej Times9d
UAE: Remittances increase due to drop in currencies, surging dirham, free digital channels
Remittances from the UAE to several Asian countries have surged due to the declining value of Asian currencies and the ...