Kuwaiti dinar up 0.4% against dollar

Dubai: Kuwait allowed its dinar to appreciate 0.4 per cent against the dollar in its second revaluation this year, as the US currency tumbled to a record low against the euro.

The dinar would trade at $0.28690 against the previous rate of $0.28806 set on May 20 when the world's seventh largest oil exporter abandoned its dollar peg and adopted a basket of currencies.