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Planning to remit? Indian rupee gains, Pakistani currency dips Waheed Abbas/Dubai Photo: Reuters Indian rupee rises to 19.94 versus dirham The Indian rupee appreciated by 10 paise to 73.20 against the US dollar (19.94 against UAE dirham) in opening trade on Tuesday supported by positive domestic equities and strong Asian currencies. At the interbank forex market, the local unit opened at 73.22 against the US dollar, then inched higher to 73.20 against the greenback, registering a rise of 10 paise over its previous close. Also read: On Monday, the rupee had settled at 73.30 against the greenback. However, appreciation bias could be capped amid concerns that rising Covid-19 cases and subsequent lockdowns in some states may hurt economic recovery and cause foreign outflows, Reliance Securities said in a research note. ....
The deal is expected to be finalised by the second quarter of this financial year. Alvarez & Marsal, which is also handling the administration of Abu Dhabi-based hospital operator NMC Healthcare, will assist with due diligence on future acquisitions by the consortium. The acquisition of Finablr Ltd. was agreed at the end of last year. The consortium is channeling this deal through Global Fintech Investment Holdings. Opportunity to be a powerhouse If the deal with Bahrain s BFC Group Holdings do take place, it would create the largest remittance services and currency exchange group in the MENA region with licences to operate in over 30 countries . ....