Spike in AED-INR transfers: What’s driving Indians in UAE to...

Spike in AED-INR transfers: What’s driving Indians in UAE to remit more funds; - Explained

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The weakening rupee, hovering around Rs 23.5 per AED, has triggered a surge in remittances from NRIs in the UAE and Saudi Arabia. Currency exchange firms report a significant increase in AED-INR transactions since mid-June. Despite the usual summer slowdown, expats are capitalizing on the attractive exchange rate, sending money home as quickly as possible.

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