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Are Indian rupee, Philippine peso weakest currencies right now?

Monika Mittal Singla

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<p>Dubai: UAE expatriates from a number of Asian countries may have a reason to rejoice these days, with the value of the US dollar rising significantly against their home countries&#39; currencies in recent months.</p> <p>According to the latest data released on Tuesday, the Indian rupee, Indonesian rupiah and the Philippine peso are now the weakest among the currencies of the fast-growing economies in Asia.</p> <p><ins><img alt="" src="https://wtf2.forkcdn.com/www/delivery/lg.php?bannerid=0&amp;campaignid=0&amp;zoneid=2360&amp;loc=https%3A%2F%2Fgulfnews.com%2Fbusiness%2Fmoney%2Fare-indian-rupee-philippine-peso-weakest-currencies-right-now-1.2277496&amp;referer=https%3A%2F%2Fgulfnews.com%2Fbusiness&amp;cb=74c55bd283" style="height:0px; width:0px" /></ins>The figures, shared by the Philippines&rsquo; Department of Finance (DOF), could spell good news for the hundreds of thousands of workers in the UAE who regularly transfer funds to help dependents back home, as a stronger dollar gives their dirham earnings more remittance power.</p> <p>Among the 12 currencies in the study, the rupee emerged as the weakest, having depreciated 11.7 per cent against the greenback as of September 4 this year.</p> <p>The Indonesian rupiah suffered the second-biggest decline at 9 per cent, followed by the Philippine peso at 7.39 per cent.</p> <p>&nbsp;</p> <p>Source:-&nbsp;https://gulfnews.com/business/money/are-indian-rupee-philippine-peso-weakest-currencies-right-now-1.2277496</p>