The drop of the Indian rupee is continuing, with analysts saying that it could fall even further. Rates are currently hovering around 18.52 against the UAE dirham, while yesterday the currency briefly declined to a new low of 18.56 Weak economic indicators across emerging markets and the devaluation of China’s yuan are likely to mount further pressure on the rupee, say experts. Sajith Kumar, Director and CEO of JRG International Brokerage explains.
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Bank fined AED 20 million for repeated regulatory failures
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Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secret
Tata Electronics said on Monday it had detected a recent 'cybersecurity incident', after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.
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