bally, putting pressure on most currencies, including the rupee. Trade and Tariff Pressures: The US recently imposed tariffs of up to 50% on Indian goods, while penalizing India’s oil trade with Russia — denting investor confidence. RBI’s Limited Intervention: The Reserve Bank of India has been selling dollars via state banks to curb volatility, but such measures can only slow the fall, not reverse it. India’s Response Finance Minister Nirmala Sitharaman admitted the rupee’s weakness but emphasized it’s part of a wider global trend. She assured that the government is closely monitoring exchange rates. What It Means for UAE Remitters Short Term: With US interest rates high and trade tensions unresolved, the rupee is likely to stay weak, giving UAE expats a favorable window for remittances. Medium Term: A turnaround could depend on the US Federal Reserve easing rates or progress in India’s trade negotiations. Dirham Advantage: Since the dirham is pegged to the US dollar, its strength mirrors the dollar’s rise — ensuring UAE expats continue to benefit as long as the rupee remains under pressure. For now, expats are enjoying record-high conversion rates. However, analysts warn that a recovery in the rupee later this year could narrow the advantage, making it wise to remit while the rates remain favorable.