The new trend of NRIs holding their investments in USD and AED is linked to the changing profiles of Indian expats in the UAE – and the wider Gulf region
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Dollar
India’s rupee plunges past 87 against USD as Trump tariffs wreck markets
Asian currencies and equities also slumped as a result of the tariffs, which have sparked fears of a trade war
dollar indian rupees
Indian rupee hits all-time low against USD on economic growth worries
The Indian rupee fell to 84.6075 per US dollar in early trading on Monday, weakening past its previous all-time low of 84.5075
India
India’s October trade gap widens to a record $31.5bn
The widening trade deficit will put pressure on the currency, which already fell to a record low recently
Imran Khan
Pakistan rupee at record low amid widening protests against Imran Khan’s arrest
The unrest comes as the government negotiates with the IMF to restart its $6.5 billion bailout program, which it needs to avoid a default