The dinar appreciated against the US dollar. The Kuwaiti dinar strengthened to a high. Inflation in the US has increased the value of the dinar against the dollar. The depreciation of the rupee and the strengthening of the dollar led to the rise in the value of the Kuwaiti dinar. Indian expatriates in Kuwait got double benefit in the matter. Those who converted dinar to rupee last day got a huge amount.
An average of 268 Indian rupees was fetched per Kuwaiti dinar. But now it is above 269. This is the highest rate so far, above Rs 270 last week.
There were some differences in inflation in the US. It is reported that this will continue in the coming days. A few small changes here and there can create big repercussions. So again Kuwait Dinar will show strength. Economists in this field point out that if the trend of decreasing value of Indian Rupee continues, the exchange rate of Dinar against Rupee will remain high. The rise in crude oil prices is also a big blow to the Indian rupee. Financial experts believe that the Kuwaiti dinar will remain high in the coming days.