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QATARI RIYALS EXCHANGE
RBI denies restricting exchange of Qatari RiyalsThe central bank came up with the clarification amid reports that certain authorised dealers/persons are not undertaking the sale or purcha...
Remittances to India surge 25% following yuan devaluationThe white-collar workers in the UAE took advantage of the freefall of currencies and remitted more money compared to the past few months.
Weak Rupee prompts NRIs to invest in local marketWeak currency in their home country has prompted Indian expatriates living in the Gulf to borrow and invest in domestic equities.
- Gulf states mull revaluing currencies
Gulf states, including Saudi Arabia and the United Arab Emirates, may revalue their currencies while maintaining their pegs to the US dolla...
- Surging rupee hits Indian remittances in Qatar
Indians working in the Gulf country need to shell out more riyals now to buy the Indian currency.
- Q-Tel joins Hindujas in race for Hutch
The Hindujas have partnered with Qatar Telecom (Q-Tel) to jointly bid for buying 67% stake in Hutch Essar.