Indian Rupee falls to new low

The value of Indian Rupee against the Omani Rial has drastically fallen, with the value of OMR1 reaching INR184.

According to one of the exchange experts, there were a couple of worrying factors that could affect the value of the rupee further.

“First, much of it is down to international factors. For instance, the trade wars and what’s happening between Turkey and the United States.

America has imposed higher tariffs on Turkish imports. Tensions between Iran and America is also not helping.” - Madhusudhan, CEO, Global exchange.

He added that it is not just the Indian Rupee but the Chinese Yuan, Turkish currency lira, the British pound and the Euro have all been hit.