The exchange rate between Qatar Riyal and Indian Rupee has crossed Rs.22. This is the first time in history that it has reached this amount of Rs. The exchange rate reached Rs 20 last March. After that it went down. But yesterday it rose to 22 rupees. All of the Gulf currencies have appreciated in exchange value. The main reason for this is the depreciation of the rupee against the dollar.
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It has reached the level of 22 rupees per UAE dirham. 21.92 was received yesterday morning. Later it reached the level of Rs 22.03 yesterday. Those who sent money yesterday got the benefit of this. 21.49 per Saudi riyal yesterday. Qatar Riyal touched Rs 22.41 while one Kuwaiti Dinar touched above Rs 261. 214.52 per Bahraini Dinar and 210 per Omani Rial.
With the appreciation of the rupee, there is a rush of expatriates to send money. Expatriates are in a hurry to send money back home and make maximum use of it. Many people are in a hurry to pay off their loans.
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