Dubai: If you’re an expat in the UAE sending money to India, now could be one of the smarter times to make that transfer.
The Indian rupee recently dropped as low as ₹86.03 per US dollar, its sharpest single-day decline in two months, triggering strong remittance potential for UAE-based workers. (Check live forex rates here.)
Additionally, the Indian rupee was among the worst-performing emerging Asian currencies on Monday, after President Donald Trump threatened harsher tariffs on nations backing “Anti-American policies” of the BRICS bloc.
Why Indian rupee is sliding
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Tariff tensions: Speculation over tougher US trade policies triggered early weakness.
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Strong US jobs data: A robust US non-farm payroll report and easing concerns about economic slowdown lifted the dollar.
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US dollar strength: The greenback is now at a near two-month high against global currencies.
Analysts at ANZ project the rupee could test ₹86.50 per dollar in the weeks ahead.
Expert tip: Timing Is everything
Currency markets remain volatile. To maximize your transfers:
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Monitor live forex rates before sending money.
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Time your transfers when AED strength peaks.
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Avoid waiting too long—movements of a few paise per rupee can add up over large transfers.
Bottom Line?
A strong US dollar following tariff concerns and upbeat US data means you get more rupees—or pesos or rupees—for every dirham sent. For regular remitters in the UAE, this could translate to extra savings for families back home. Keep a close watch on rates and act wisely—your dirham might be working harder than ever before.
Justin is a personal finance author and seasoned business journalist with over a decade of experience. He makes it his mission to break down complex financial topics and make them clear, relatable, and relevant—helping everyday readers navigate today’s economy with confidence.
Before returning to his Middle Eastern roots, where he was born and raised, Justin worked as a Business Correspondent at Reuters, reporting on equities and economic trends across both the Middle East and Asia-Pacific regions.
