Friday 08 / November / 2024
Muscat: The Indian Rupee fell sharply on Friday, hitting Rs 84.4 level against US dollar. On Friday, the exchange houses in Oman were offering Rs 218.80 against the one Omani Rial – which is an all-time low.
According to forex experts Indian rupee was pressured by sustained outflows from local stocks in India with expectations of a stronger dollar after Donald Trump won the U.S. election.
At the interbank foreign exchange market, the rupee opened at 84.26 against the US dollar, touching a high of 84.26 and a low of 84.38 during the day.
Madhu Nambiar, a long time Muscat resident speaking to Times of Oman said, "I just received my salary yesterday (on Thursday). I was not able to send the money through the exchange house yesterday. But just now I received a message from the exchange house and am on my way to send the money to my family now.
