Page 105 - AAE PR REPORT - AUGUST 2025

8/6/25, 9:15 AM Indian rupee near record lows against UAE dirham, remittance activity surges
For consumers in the UAE, this development is already influencing remittance and currency exchange patterns. Al Ansari
Exchange has observed a surge in remittance activity, as Indian expatriates take advantage of the more favorable rates to send
additional funds back home. The stronger conversion value is allowing customers to remit significantly higher amounts in
rupees for the same dirham outlay, providing tangible benefits to families and dependents in India.

“The current exchange rate presents a unique opportunity for Indian expatriates in the UAE to maximise the value of their
remittances. While the outlook for the rupee remains influenced by global and domestic factors, we are fully prepared to meet
the increased demand,” said Rashed A. Al Ansari, CEO of Al Ansari Exchange.

At the same time, businesses and individuals engaged in trade with India are reviewing their hedging strategies and timing of
transactions in light of the increased volatility.

Trump on Monday repeated his threat of imposing steep trade tariffs on India over its purchases of Russian oil, stating that he
will be “substantially raising the tariff paid by India to the U.S.”

Trump’s comments came after he slapped India with 25 percent reciprocal tariffs last week, and warned that he could impose
tariffs of as high as 100 percent on the biggest buyers of Russian oil, China and India.

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