Indian Rupee tumbles against Omani Rial

T TV Wednesday 29/August/2018 17:18 PM
By: Times News Service

The value of a single Omani Rial reached a high of INR183.15 against the Indian Rupee early on Wednesday morning.

However, the Reserve Bank of India (RBI) intervened and the currency is now trading at INR183.00 per Rial.

Similarly, the value of the Rupee against the US dollar fell to $70.55, earlier in the day and came down to $70.49, later.

"For the first time in the history, the value of a single Omani Rial reached a high of INR183.15. The RBI intervening now won't help much, since the Rupee fall has been due to international reasons outside their control.” - Madhusudhan, CEO, Global Exchange CEO