MUMBAI – State-run banks were observed offering the USD/INR, as indicated by a foreign exchange trader at a foreign bank. This increase in the rupee’s value, attributed to IPO-related inflows, has sparked a glimpse of optimism globally. Sources indicated that state-run banks were actively offering the USD/INR, according to insights from a foreign exchange trader at a foreign bank. Investor focus has now shifted to the eagerly anticipated U.S. initial jobless claims data scheduled for later in the day.
Read More
- Oman central bank raises repo rate by 25 basis points to 4.5%
- Sohar International strengthens investment connectivity between Oman and Asia Pacific
- Oman’s FSA gains global quality milestone with ISO 9001 certification
- Oman targets to create a RO 17 million mango industry by 2030
- Bank Muscat and Dhofar Insurance Company partner to offer travel, individual health, and domestic helper health insurance solutions
