The selloff in US and Asian equities following a disappointing jobs report spurred worries of foreign outflows from India and other emerging markets
The selloff in US and Asian equities following a disappointing jobs report spurred worries of foreign outflows from India and other emerging markets
The rupee was at 83.72 against the US dollar as of 10.35am IST, nearly unchanged from its close at 83.71 on Thursday
Government's decision to hike the tax rate on capital gains dampened market sentiment
While most Asian currencies rose by 0.1% to 0.2%, the rupee was unable to gain due to heightened demand for dollars
With more than 230,000 Pakistanis migrating to the UAE in 2023 in search of greener pastures, remittances are expected to increase in the coming years
The offshore Chinese yuan was up slightly at 7.28 after declining to its weakest level since November on Monday
Financial markets in India were shut on Monday for a holiday
Routine interventions by the central bank have supported the currency over recent trading sessions