The Indian rupee recently fell to a record low of 24.0762 against the UAE dirham, surpassing its previous all-time low of 24.0681. This has left many Indian expatriates in the UAE reconsidering how and when they send money back home.

Holding Back Transfers.

Many expats are adopting a “wait and watch” approach. Some believe the rupee may weaken further, so they are delaying remittances in hopes of getting more value later. Others are choosing to keep their savings in UAE dirhams or US dollars instead of converting them to Indian rupees.

Concerns Over Inflation.

Falling currency values have raised concerns about inflation and diminishing returns in India. Expats worry that even if property or investments in India rise in price, the overall returns may not be as strong compared to keeping money in the UAE.

Strategic Remittances.

Despite the uncertainty, some expatriates continue to send money based on urgent family needs or special occasions such as festivals. These transfers are often made immediately after receiving salaries, regardless of the exchange rate.

Rise of Online Transfer Apps.

A growing number of expatriates are now using mobile apps instead of traditional exchange houses. These apps often provide better exchange rates, instant notifications, and lower transfer fees, making them a popular choice for quick and efficient remittances.

The Road Ahead?

With the rupee under pressure due to global market conditions and tariff uncertainties, remittance patterns among Indian expats in the UAE are shifting. For now, many are holding onto their money, weighing between investing locally or waiting for the right moment to send funds back home.