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One Omani Rial is now worth INR 186

T TV Tuesday 20/August/2019 18:37 PM
By: Times News Service

One Omani Rial is now worth INR186, having dropped alongside several other currencies from the developing world.
Exchange houses are offering this rate as a weakening economy in India and global financial uncertainly take their toll on the strength of the Rupee.
"This rupee depreciation began in the first week of July, and since then, it has been slowly depreciating. But the biggest fall happened on the 5th of August." - R Madusoodhanan, the general manager for Global Money Exchange
He added that the Indian expats are very happy, because the exchange rate is now better, and the IT industry is cheering, because they get more value for money for their services.