Indian rupee falls to record low, crosses INR 224 per Omani Rial

MUSCAT : According to media reports, the rupee dropped to a new all-time low of 224.05 per Omani Rial due to strong demand for the U.S. dollar, driven by the maturity of positions in the non-deliverable forwards (NDF) market.

Traders indicated that the rupee’s decline was capped to some extent by likely interventions from the Reserve Bank of India (RBI), which helped limit further losses.

The Gulf Indians

Recent Posts

The 1975 Emergency: 21 months of Nightmare in Delhi

By Joseph Maliakan Three terrible things that were inflicted especially on the poor and marginalized people…

3 hours ago

Received the Angola Leaders Award “Excellence in International Business Cooperation & Angola – UAE Integration”

Mr. Sajith Kumar P K : Along with Mr. Sajith Kumar, four other prominent leaders…

4 days ago

kerala budget

Sajith Kumar P.K : The Budget is touched to the Structural Reforms especially in Maritime…

7 days ago

ILBS : Public funded Hospitals fostering VIP Culture

By Joseph Maliakan The Institute of Liver and Biliary Sciences (ILBS) is a mono-super specialty…

3 weeks ago

Denial of Bail to Umar Khalid and Sharjeel Imam Unjust : The Supreme Court once again upholds the principle ‘ Bail is the Rule , Jail the Exception ‘

By Joseph Maliakan In a judgment that will have far-reaching consequences for the protection of…

1 month ago

The proposed School Management Committees (SMCs) are Unconstitutional, an attack on Autonomy and will spread utter Chaos in School Education across the country.

By Joseph Maliakan Education according to the Indian Constitution, is in the concurrent list and…

2 months ago

This website uses cookies.