Page 127 - AAE PR REPORT - SEPTEMBER 2025
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9/2/25, 9:50 AM Al Ansari Exchange: Indian Rupee depreciation boosts remittance activity by 15%
This depreciation was driven by global geopolitical fluctuations, most notably the 50% tariffs imposed by
the United States on Indian exports, alongside the cautious monetary policies adopted by the Reserve
Bank of India and rising oil prices. Additionally, the global stability of the US Dollar – to which the UAE
Dirham is pegged – further amplified the impact on exchange movements.
Mr. Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, confirmed that this decline has directly
influenced the volume of financial remittances from the UAE to India, with the company recording a 15%
increase in remittance value during the recent period. This surge is attributed to the Indian community’s
eagerness to take advantage of exchange rate fluctuation and direct their savings to their families back
home, especially in conjunction with the Onam festival celebrations, when expatriates are keen to
enhance financial support for their families during this culturally significant occasion.
He commented: “This change in the exchange rate presents a valuable opportunity for the Indian
community in the UAE to maximise the value of their remittances. At Al Ansari Exchange, we are
committed to offering the best rates and providing flexible and secure financial services that enable our
customers to make the most of these favorable conditions.”
Al Najjar concluded by emphasising that the company has enhanced its operational readiness to meet
the growing demand, through increased liquidity support, extended working hours at high-traffic
branches, and special promotional offers on transfer fees.
-ends-
For further information, please contact:
Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com
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