MUSCAT: The Indian rupee has fallen to an unprecedented INR 230.1 per Omani rial, marking its weakest-ever level. The decline comes as market sentiment weakened due to trade policy uncertainty and the recent increase in US visa fees.
For Indian expatriates in Oman and across the GCC, the drop has opened up a window to secure highly favorable exchange rates when sending money back home. Exchange houses in Oman are expected to announce some of their most competitive remittance rates, offering expatriates a welcome boost for their monthly transfers to India.
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