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The rupee is down again against the dirham. UAE dirham hits all-time high by 23 paise 21.66 per dirham. The value of the dirham also increased after the exchange rate of the rupee against the dollar was 79.49.
The fall in the Indian stock market on the back of higher yield pressures in the IT and telecom sectors depreciated the rupee. At the same time, this situation is beneficial for expatriates. Expatriates will use this situation to send more money back home.