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8/7/25, 10:12 AM UAE-based Indians rush to send money home as rupee nears record lows | Khaleej Times
UAE-based Indians rush to send money home as rupee nears record
lows
However, currency strategists caution that exchange rates can reverse quickly if global sentiment shifts or if the Reserve Bank steps in more
aggressively
Published: Wed 6 Aug 2025, 12:13 PM
Issac John
By: Issac John Share:
The Indian rupee has slipped close to record lows against the UAE dirham, presenting a windfall for Indian expatriates in the
Emirates who are remitting more to take advantage of favourable exchange rates.
Currency dealers and remittance companies say activity has surged in recent days as the rupee traded around Rs23.91 per
dirham, with intra‑week swings between Rs23.63 and Rs23.95 — among the weakest levels in recent years.
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