Indian Rupee Inches Higher, Pakistani Falls Against Dirham

SourceAl Bawaba
SectorFinancial Markets

Indian rupee rises to 19. 94 versus dirham "However, appreciation bias could be capped amid concerns that rising Covid-19 cases and subsequent lockdowns in some states may hurt economic recovery and cause foreign outflows," Reliance Securities said in a research note. Most of the Asian currencies were trading stronger on Tuesday morning and could lift sentiments, the note added. While Pakistani rupee lost against the dirham on Tuesday morning, falling from 41.

62 on Monday evening to 41. 71 on Tuesday morning, according to xe. com. Pakistani currency has been steady over the past few days after a rally witnessed last week following a strong inflow of foreign currencies into the South Asian nation. more...