The rupee's record low against the UAE dirham has prompted a surge in remittances, offering Indian expatriates in the Gulf one of the most favorable transfer rates in years.
INR fell to nearly 97 per US dollar earlier in the week
May 22, 2026
06:11 pm
What's the storyThe Indian rupee has hit a new low against the UAE dirham, prompting a surge in remittances from Indian expatriates in the Gulf region.
The currency fell to nearly 97 per US dollar earlier in the week, pushing the UAE dirham to an all-time high of ₹26.29.
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