2023-08-17 19:06:20
As the dollar strengthened, the value of the Indian rupee fell again in the international market. The Kuwaiti Dinar to Rupee exchange rate is currently good. Currently, the exchange rate is above 269 rupees per Kuwaiti dinar. This is the highest rate in recent times. Those in the field of currency exchange indicate that this trend will continue in the coming days.
The fall in the value of the Indian rupee is due to the strengthening of the US dollar and the rise in crude oil prices. Along with this, increased foreign fund inflows from India have also weighed on the Indian currency. The country’s consumer price inflation is also at a seven-month high.
With the depreciation of the rupee, money exchanges in Kuwait experienced a huge rush to send money to India. The change in exchange rate will be more comforting for those who have to pay off bank loans etc. in Nadu. Overseas Indians sent $100 billion to India in 2022 alone.
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