The Indian rupee on Tuesday opened at 91.82 against the US dollar (25.01907 against the UAE dirham), recovering 8 paise from an all-time low ... rupee crashes to new all-time low against UAE dirham ....
The Indian rupee remains pinned near record low levels against the UAE dirham, keeping pressure on Indian expatriates and remitters in the Gulf even after a modest rebound against the US dollar... UAE dirham.
The expected UAE dirham bond issuerepresents an important milestone in expanding local-currency funding options for regional and international issuers and further strengthens Abu Dhabi's position as a global hub for debt capital markets.
... not trying to freeze the exchange rate in place.Indian rupee nears Rs25 per UAE dirham; GCC expats could see remittance gainsIndian rupee crosses Rs25 threshold against UAE dirham in early trade ....
The Indian rupee slipped to an all-time low on Friday, pushing the exchange rate close to 25 to the UAE dirham and sharpening the impact on millions of residents who send money home, hold rupee-linked savings or plan near-term travel to India.
The Indian rupee’s steady weakening is pushing the UAE dirham closer to the psychologically important Rs25 mark, raising expectations of stronger remittance inflows from the Gulf and giving expatriate workers a timely exchange-rate boost.
RAKBank secured in-principle approval from the Central Bank of the UAE (CBUAE) on Wednesday to issue an AED-backed stablecoin, joining a growing number of financial institutions racing to launch regulated digital currencies in the Emirates ... .
RAKBANK’s UAE Dirham Stablecoin ...Against this backdrop, the UAE Dirham stablecoin represents a hybrid approach ... RAKBANK’s conditional approval for a UAE Dirham stablecoin represents a transformative moment in digital finance.
... above 90/USD mark with central bank helpReserve Bank of India to tolerate weaker rupee as inflows dry up, sources sayIndian rupee hits record low against dirham; will UAE grocery prices fall? ....
On Monday, the rupee hit new record lows against both the UAE dirham and the dollar. For Indians living in the UAE, that means each dirham now converts into substantially more rupees than just weeks ago — making remittances suddenly more valuable.
The Indian rupee’s steep drop to 24.49 against the UAE dirham on Wednesday has opened one of the strongest payout windows in years for UAE-based Indian expats, be it workers, students or business owners looking to send money home.
The Indian rupee hit a new all-time low of ₹24.26 against the UAE dirham, making it one of the strongest moments in years for Indian expats to send money home... Your UAE dirhams now convert into more rupees than before, making remittances stronger.