The onset of festival season in India from September onwards generally see high NRI remittances and the current plunge in rupee exchange value seen to add to the surge
exchange rate
Latest in exchange rate
1 aed to indian rupees
Indian rupee to continue fall past Rs20 vs AED1 in Q4, early 2019, experts say
The COO of Xpress Money said the exchange rate means its an “ideal time” for expats in the UAE to send money home
exchange rate
Expat remittances from UAE increase 13% to $23.96bn
India received nearly 40 percent of the total remittances sent from the UAE in the first half of the year
cheaper foreign destination
Weak rupee means time is right to visit India, says UAE ambassador
In August, an Indian official forecast that the weakness of the Indian rupee will mean a 10 percent increase in inbound tourism
British pound
Indian rupee to hit 90 to GBP mark, says UAE Exchange CEO
UAE Exchange CEO Promoth Manghat said he believes the 90 rupee to 1 pound mark will be hit either this quarter or this year
Brexit
UK pound may slump again in the event of a no-deal Brexit
Sterling could drop by as much as 8 percent against the dollar if the UK doesn’t clinch a deal with the EU by March 29