Page 89 - AAE PR REPORT

Page 89 - AAE PR REPORT - OCTOBER 2025

P. 89

10/31/25, 9:37 AM Rupee strengthens: Should UAE residents send money to India now or wait?
monthly transfers, mortgage payments or investments back home, timing the currency market can feel like a
moving target.

Exchange houses in the UAE say transfers to India have risen in recent weeks, even though the stronger rupee
means a slightly lower return per dirham than earlier in the year. Many residents, they say, are leaning towards

certainty over speculation.

The rupee’s move back towards the 83–84 per dollar range and around 24 per dirham has encouraged remitters

who were waiting through earlier volatility.

Ali Al Najjar, CEO of Al Ansari Exchange, said the shift has influenced customer behaviour. “Over the past few
days, we have witnessed a modest but clear rise in remittance activity,” he said, explaining that some residents

view the rupee’s firming as a reflection of India’s steady economic outlook. He noted that many who delayed
transfers earlier in the quarter have now stepped in, partly out of concern that rates may not improve

significantly from current levels.

At Al Fardan Exchange, a similar pattern is playing out. CEO Hasan Fardan Al Fardan said activity picked up in
early October as the rupee strengthened following central bank intervention and softer oil prices, which eased

pressure on India’s import bill. He added that the market remains “healthy” heading into the winter and year-end
period.