August 29, 2025
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Indian rupee drops to lifetime low against dirham at 24.04 - best time for NRIs to remit
Dubai: The Indian rupee has dropped to 24 against the dirham for the first time. The currency was under pressure after the start of the US 50% tariffs on Indian exports to that country, which came into effect on August 27. For Indian expats in the UAE, Saudi Arabia and other Gulf states, the drop opens up their best exchange rates for monthly fund transfers to their home country. Leading remittance channels in the UAE will be lining up some of the most competitive rates. As per available data now, leading remittance platforms are offering 23.95 and 24 to a dirham.
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