India’s currency has weakened slightly against the UAE dirham in early trade, mainly off the back of dollar strength
The Emirati dirham was issued as the UAE’s official currency replacing a mix of international currencies which had been in circulation in the emirates
The inaugural issuance was 6.3 times oversubscribed
A total of 5,000 silver commemorative coins weighing 60 grams will be issued
A dirham yielded more than 20 rupees earlier this morning
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.