VOIWORLD
Dirham Rupee exchange rate is once again favouring Indians. The rate is quite reasonable and there with the festivals coming, UAE based Indians want to send money back home now.
With the dollar starting to firm up, the rupee is sliding
Today’s current rate while the story is being written is Rs 23.33 for a Dirham and the rate can vary depending on the rate at which money is send back.
Many of the forex traders attribute this to the dollar making a comeback after extended spell of weakness in the last 2 weeks and the new trade deals will have to be seen as well as some of the traders put it.
The market is also looking at anticipation about a trade deal between India and the U.S and more news on trade deal front would mean more weakness in INR against the dollar
