Page 167 - AAE PR REPORT - SEPTEMBER 2025

9/10/25, 2:59 PM UAE to India remittances surge as rupee at 23.96 vs. Dh1: Which apps, services offer best rates?

Exchange Rates (AED to INR) across popular platforms
As of this week, several remittance platforms are offering competitive exchange rates for converting UAE dirhams (AED) to Indian rupees (INR), with some edging
close to ₹24 per dirham:
e& Money app is offering an indicative rate of 1 AED = ₹23.97.
GCC Exchange app shows a rate of 1 AED = ₹23.96.
Al Ansari Exchange, LuLu Exchange, and Joyalukkas Exchange apps all show similar rates at around ₹23.91 per AED.
Remitly is offering a promotional rate on their website of 1 AED = ₹24.27 for new customers, one of the highest available.
Wise too lists a mid-market rate of 1 AED = ₹23.95.
Western Union offers an estimated exchange rate of 1 AED = ₹23.99.
Hubpay's live rate is around 1 AED = ₹23.97.
Please note that exchange rates can fluctuate frequently and may vary based on the amount transferred, the payment method, and any associated fees. Always check
the latest live rate on the respective platform before confirming your transaction.

Also Read:
Remit to India? Will the rupee stay weak against US dollar, UAE dirham?

What’s driving rupee’s decline?
Stronger US dollar: A broad global rally in the US dollar has weighed down multiple currencies, including the Indian rupee.
Tariff pressures: Recent US-imposed tariffs of up to 50% on Indian goods and trade restrictions related to oil imports from Russia have hurt
investor sentiment.
RBI intervention: India’s central bank has intervened via state-run banks to limit volatility, but these actions have not reversed the overall
downward trend.

Indian government's stance
Finance Minister Nirmala Sitharaman acknowledged the currency's weakness but pointed out that many global currencies face similar pressure from the dollar. “This
is not the case only with rupee versus dollar,” she said, adding that the government is closely monitoring exchange rates.

UAE gold
prices hit…
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