South Asian currencies shift as peso weakens and rupees diverge
Currency markets saw some movement in South Asia this morning. The Philippine peso softened, while the Pakistani rupee held steady. Meanwhile, the Indian rupee faced modest pressure.
In Manila, the Philippine peso depreciated in morning trade. One thousand pesos could fetch Dh62.42, reflecting a softening of the currency.
Across the border in Islamabad, the Pakistani rupee remained unchanged. It held firm at PKR 76.67 to the dirham, showing stability in the market.
Over in New Delhi, the Indian rupee traded at INR 24.08 to the dirham, indicating modest pressure on the currency. This was also reflected in the exchange rate, with 1,000 rupees buying Dh41.53.
The Philippine peso softened in morning trade, while the Pakistani rupee remained unchanged. The Indian rupee faced modest pressure, trading at INR 24.08 to the dirham.
