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8/6/25, 9:15 AM Al Ansari Exchange sees surge in remittances as Indian rupee nears record lows against UAE dirham
The rupee today fell to around ₹23.91 per AED, trading within the week’s range of ₹23.63 to ₹23.95 — approaching its weakest levels in
recent history.

The decline in the rupee has been linked to a combination of external and domestic pressures, including escalating trade tensions
between the US and India.

The proposed U.S. tariffs of up to 25% on Indian exports have unsettled investor confidence, contributing to foreign equity sell-offs
worth over $2 billion in July — the rupee’s worst-performing month since 2022. A more hands-off approach from the Reserve Bank of
India (RBI) on currency intervention, rising global oil prices, and broader geopolitical uncertainty have further weighed on the Indian
currency.

Also Read:
Will Indian rupee drop to 24 against dirham after latest US tariff threats?

More expats remit now

Al Ansari Exchange, a major remittance and foreign exchange provider in the UAE, said the recent exchange rate movements have
prompted Indian expatriates to increase transfers, taking advantage of the favourable conversion rate. The current exchange environment
allows for higher rupee payouts per dirham sent, directly benefiting recipients in India.

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“The current exchange rate presents a unique opportunity for Indian expatriates in the UAE to maximise the value of their remittances,”
said Rashed A. Al Ansari, CEO of Al Ansari Exchange.

“While the outlook for the rupee remains influenced by global and domestic factors, we are fully prepared to meet the increased demand
and provide our customers with the best possible value and service during this period of heightened currency volatility.”

Exchanges meet demand

To meet growing demand, the exchange house has scaled up liquidity across its branch and digital network, implemented special offers,
and launched promotional campaigns, including rate alerts via its mobile app. Additional staff have been deployed to high-traffic
branches to manage volume efficiently.

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