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8/7/25, 10:12 AM Indian rupee near record lows against UAE dirham, remittance activity surges

UAE
Indian rupee near record lows against UAE dirham, remittance

activity surges

06/08/2025 2 minutes read

The rupee has approached record lows, trading around ₹23.91 per AED

The Indian rupee has recently witnessed a sharp decline against the UAE dirham, which is pegged
to the U.S. dollar. The rupee has approached record lows, trading around ₹23.91 per AED, with
intra-week fluctuations between ₹23.63 and ₹23.95. This marks one of the weakest levels in recent
years and has drawn significant attention from expatriate communities and businesses with
exposure to India.

The Indian rupee also hit its weakest level ever against the dollar on Tuesday after U.S. President
Donald Trump threatened to impose more tariffs against New Delhi over its purchase of Russian
oil. The rupee rose as much as 0.5 percent to a record high of 88.102 rupees to the dollar earlier
today.

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