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RUPEE DIRHAM RATE
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
India, UAE step up efforts to expand rupee-dirham tradeOver 15% of India-UAE trade has been invoiced in local currencies since the rupee-dirham mechanism launched nearly three years ago. Both na...
Indians, Britons top Dubai property buys in 2025 as rupee fallsIn 2025, Indians and Britons led Dubai property purchases, driven by a weaker rupee, higher rental yields, and low domestic returns. Buyers...
Rupee pushed to the front in cross-border transactionsThe Reserve Bank of India proposed measures to significantly boost the rupee's use in cross-border trade, particularly with neighboring cou...
Rupee pushed to the front in cross border transactionsThe Reserve Bank of India (RBI) proposed measures to promote wider use of the rupee in cross-border trade, particularly with neighboring co...
RBI unveils new measures for internationalisation of Indian RupeeThe Reserve Bank of India announced new steps to boost the Indian Rupee's global use. Banks will now lend Rupees to non-residents in Bhutan...
Why are Indians in the UAE rushing to send their money home now?The Indian rupee's decline against the UAE dirham, reaching ₹23.5 per AED, has triggered a surge in remittances from Indian expatriates in ...
Indian rupee posts strong gains against UAE dirham, Pakistan rupee slumpsThe Indian rupee saw a significant rebound, marking its largest single-day gain in almost six weeks. This was due to the retreat of the US ...
UAE Dirham-Rupee rate today: INR drops to near one-month vs AED amid weak risk appetiteThe Indian rupee has fallen to its lowest level against the UAE dirham since July 6. It was also weighed down against the US dollar due to ...
Banks told to push foreign trade in RupeeWhile many businesses - driven by commercial convenience, balance of payments, and terms of global reinsurers - often prefer to deal in har...
India's Rupee trade plans with Russia has likely run into troubleThe gap between India & Russia's exports and imports is rising and that’s making the local currency payment mechanism futile. No payment ha...
Indian refiners pay dollars for Russian oil after dirham attempts failRussia has been hit by sanctions from the United States and allies following its invasion of Ukraine, and Moscow has requested some buyers ...
Now shop at Dubai airports using Indian RupeeThe acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.
Effects of demonetisation being felt in Morocco too“The government did not take into account that people traveling outside India mostly depend on the ATM for accessing local currency,” said ...
Remittances to India surge 25% following yuan devaluationThe white-collar workers in the UAE took advantage of the freefall of currencies and remitted more money compared to the past few months.
Students from India studying in UAE hit by weak rupeeIndian students studying in UAE universities were badly hit since rupee's fall, forcing some institutes to slash their tuition fees by 25%.
Business worth Rs 300 crores expected at India property show in DubaiAround 17,000 visitors are expected to witness properties ranging from Rs 1 million-230 million.
- Popularity of Rupee futures rises among NRIs in Middle East
A surge in investors' interest in Indian rupee futures is contributing majorly to the growth at the Dubai Gold & Commodities Exchange.
Gulf remittances up 30% as rupee slipsThe Gulf nations, which include Saudi Arabia, Oman, UAE, Bahrain, and Qatar, contribute 30% of India’s total remittances.
India receives $ 6.2 billion in remittances from UAEThe UAE's expatriate employees remitted 11 per cent more dirhams in 2010 that they did in 2009, official data has revealed.