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9/2/25, 9:51 AM Al Ansari Exchange: Indian Rupee Depreciation Boosts Remittance Activity by 15% - Middle East News 247

Al Ansari Exchange: Indian Rupee Depreciation Boosts

Remittance Activity by 15%

By PR News Desk 01/09/2025

Al Ansari Exchange, a leading provider of remittance and foreign exchange services in the United Arab Emirates, announced that
the Indian Rupee has witnessed a noticeable decline against the UAE Dirham over the past few days, dropping by approximately
0.5%. The exchange rate reached around INR 24.03 per AED, compared to stronger levels in the previous period.

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.

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