The rupee closed at 83.1062 to a dollar on Friday, August 18, within striking distance of its record low of 83.2912 touched in October last year
The two currencies are worth the same for the first time in two decades
Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors
Bullion has risen past $1,850 an ounce in the second half of May
Those found guilty will also be liable to pay a fine of not less than Dhs200,000
UAE Exchange, which operates more than 100 branches across the country, stopped all transactions in March
A total of 5,000 silver commemorative coins weighing 60 grams will be issued
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.
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