Page 92 - AAE PR REPORT - OCTOBER 2025

Rupee strengthens: Should UAE residents send money to India now or wait?

3h •
3 min read

Dubai: A recent rebound in the Indian rupee has put UAE remitters in a familiar position, deciding

whether to transfer money now or hold out in hopes of getting more value later. For thousands of
Indian expats planning 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.

What’s next for the rupee?

Analysts and exchange houses expect the rupee to trade in a tight band over the coming weeks,
supported by RBI activity and lower oil prices, but still sensitive to global risk sentiment and US
monetary policy signals.

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