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9/4/25, 7:29 AM Indian rupee hits record low triggering remittance surge from UAE, GCC expats | Khaleej Times
Indian rupee hits record low triggering remittance surge from UAE, GCC

expats

Currency experts warn that the rupee, already battered by 50% US tariffs on Indian goods, faces more turbulence and could prompt intervention by
the RBI

Published: Tue 2 Sept 2025, 6:20 PM

Issac John
By: Issac John Share:

Al Ansari branch in Sharjah. KT Photo: Muhammad Sajjad.

The Indian rupee's sharp fall to a record low against the dollar has sparked a flurry of remittances from expatriates in the Gulf,
particularly from the UAE, where the dirham’s peg to the dollar has amplified the currency’s weakness.

50 per cent US tariffs on Indian goods
Currency experts warn that the rupee, already battered by punitive 50 per cent US tariffs on Indian goods, faces more
turbulence as the world’s fourth-largest economy contends with trade headwinds, portfolio outflows, and fiscal uncertainty.

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