18 hours Ago
Dubai: The Indian rupee has firmed up again - this time, to its highest point since the start of 2025. It is trading at 23.14 to a dirham (or 85 to the dollar), against 23.
33 levels yesterday. For Indian expats in the UAE thinking of sending money home, they will need to give serious thought whether they should do it now or wait for market trends to cool off. This comes after the dollar index – which gives the relative strength of the dollar – dropped further as the global market fallout continues after President Trump announced a swathe of new – and high – tariffs on US bound goods.
“Everyone knew the Trump tariffs were coming on April 2,” said an FX analyst. “But that it will hurt the dollar is something of a surprise, which is why multiple currencies, including the Indian rupee, is regaining some of their lost strength.”.
