The new trend of NRIs holding their investments in USD and AED is linked to the changing profiles of Indian expats in the UAE – and the wider Gulf region
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Dollar
India’s rupee plunges past 87 against USD as Trump tariffs wreck markets
Asian currencies and equities also slumped as a result of the tariffs, which have sparked fears of a trade war
indian currency
Indian rupee makes historic plunge; dips past 86 against USD for the first time
The rupee’s slide show was accentuated by a record surge in crude oil prices, sustained outflow of foreign capital from India and a negative trend in domestic equity markets
1 aed to indian rupees
Falling rupee, festival season to push up remittances by Gulf-based expat Indians
Currency market experts expect rupee to cross ₹84 per dollar in near-term basis, fuelled by a multi-week high rise in dollar index and crude prices
dirhams to indian rupees
Indian rupee hits lowest in last 11 months, falls below 83 against US dollar
Market analysts see rupee losing further grounds against the US currency on a near-term basis on the back of the rising trend in global crude prices
currency
Indian rupee predicted to see sharp fall in first quarter to almost 85 per US dollar
The plunge in rupee value is expected to trigger a major spike in remittances by Gulf-based non-resident Indians in the coming months
bilateral cooperation
India in trade talks with UAE, Saudi Arabia, plans new ‘Vostro’ bank accounts: Officials
A senior official who was part of the Monday meeting said the UAE and Saudi Arabia are keen to start local currency-pegged trade with India
currency crisis
Indian rupee slips to an all-time low against US dollar
The rupee is currently at 82.80 on Friday, but is expected to go well below 83
currency crisis
Rout in rupee continues, Indian currency plunging to record low of 82.70 against US dollar on Monday
Currency market experts predict further weakening of rupee in near-term basis due to anticipation of aggressive tightening by the US Federal Reserve and predictions of crude prices ending this week with major gains
expat remittances
Indian rupee falls to all time low on Thursday, plunging to 80.73 against US dollar
The fresh fall in rupee value has triggered expectations of another round of spike in remittances by expat Indians, especially from the Gulf region, to India
air travel
Air travel between India and Middle East to cost more as Indian carriers plan steep hike in airfares
Move follows a 16 percent increase in aviation turbine fuel (ATF) prices in India on Thursday – the 10th straight increase in 2022. Sinking rupee value also adds to the Indian carriers’ operating costs, as many of their costs are dollar-linked
currency market
Plunge in rupee value to push up remittances from Gulf-based expat Indians
Rupee was trading at 78.05 INR to US dollar and 21.25 INR against AED in the early trading hours on Tuesday
currency market
Indian rupee could fall to 77 against dollar on concerns on FII outflow, high crude prices
Gulf-based expat Indians account for a larger share of NRI remittances to India, which tend to surge whenever the rupee tumbles
currency market
Indian rupee predicted to fall to 76 against dollar on rising dollar index, crude prices
The weakening trend of rupee is expected to lead to a surge in non-resident Indian (NRI) remittances to the South Asian country, as expats can earn more bucks for each dollar remitted
currency crisis
Rising inflation concerns, crude prices and interest rates drag down Indian rupee
A plunge in rupee value is good news for expat Indians – especially those based in the Gulf who send remittances to India
dollar indian rupees
Remittances from the Gulf to India flow fast as rupee falls in value
Indian rupee ended at 75.05 against the US dollar as trading closed on Monday, lower by 187 paise or 2.55 percent from the previous Monday, posting one of its sharpest falls in recent months
currency market
Indian rupee likely to fall, could spur another surge in remittances from Gulf-based Indians
India’s currency is likely to fall in the short-term as US President Joe Biden’s infrastructure spending initiative is likely to raise USD and rising Covid-19 cases in India
