Many Indian expatriates in the UAE are taking a “wait and watch” stance on remittances as the Indian rupee continues to slide to record lows against the dirham. While some are delaying transfers in anticipation of further decline, others are redirecting their focus toward investments within the UAE.
The rupee has been falling for the last two years,” said Dubai resident Adil Eshack. “I haven’t sent money to India for several months. Instead, I’m investing in dirhams and US dollars because whenever I send money home, it loses value.
Another Dubai resident, Mohammed Iqbal, echoed similar concerns. “With the uncertainty around tariffs, I expect the rupee to weaken further,” he said. “Unless US policies change, market conditions will remain the same, so I’m holding on to my money.
Traders attribute the rupee’s ongoing pressure to US tariff news and note that Reserve Bank of India interventions have only limited sharper losses. Iqbal added that inflation remains a key worry, recalling that a property investment he made in India a decade ago yielded lower returns than if he had invested in the UAE.
Also Read:
Israel Places the Biggest City in Gaza Under Military Control and Blocks Aid Supplies
PTSA’s Holistic Approach In Shaping The Future Of Football: Mohamad Adlouni
