Page 124 - AAE PR REPORT - SEPTEMBER 2025

9/2/25, 9:49 AM Indian rupee hits all-time low, boosting UAE-India remittance activity by 15 percent
Indian rupee hits all-time low, boosting UAE-India remittance activity

by 15 percent
Against the UAE dirham, the Indian rupee was trading at 24.03, up slightly from the all-
time low of 24.06

The currency weakened to 88.33 per dollar, slipping beyond the previous all-time low of 88.3075 reached in the prior session
Published: Mon 1 Sep 2025, 4:45 PM Last updated: Mon 1 Sep 2025, 4:52 PM
The Indian rupee fell to a record low against the U.S. dollar on Monday, pressured by concerns over
higher U.S. tariffs on Indian exports and the broader economic impact on the country. The currency
weakened to 88.33 per dollar, slipping beyond the previous all-time low of 88.3075 reached in the prior
session.

The Reserve Bank of India intervened on Friday to stabilize the rupee, but its decision to allow the
currency to break through the 88 threshold surprised many market participants.

Indian rupee drops 0.5 percent against UAE dirham

Against the UAE dirham, the Indian rupee was trading at 24.03, up slightly from the all-time low of
24.06.

The Indian rupee has witnessed a noticeable decline against the UAE dirham over the past few days,
dropping by approximately 0.5 percent, said Al Ansari Exchange in a statement on Monday. The
exchange rate reached around INR24.03 per AED, compared to stronger levels in the previous period.

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