The drop of the Indian rupee is continuing, with analysts saying that it could fall even further. Rates are currently hovering around 18.52 against the UAE dirham, while yesterday the currency briefly declined to a new low of 18.56 Weak economic indicators across emerging markets and the devaluation of China’s yuan are likely to mount further pressure on the rupee, say experts. Sajith Kumar, Director and CEO of JRG International Brokerage explains.
Listen

Fitch affirms Ras Al Khaimah at A+ and raises growth forecast
G7 to release 100 million barrels from energy stocks
First UAE-built commercial satellite launches successfully
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai
Abu Dhabi invests AED 300 million to advance public transport
