Remit now? Rupee steady and peso gains

Quick look at current exchange rates - as of October 9 - against the UAE dirham

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File photo of currency exchange. Asian currency dip boosts remittance returns for UAE workers.
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Dubai: A weaker trend across several Asian currencies is giving UAE expatriates more value for every dirham they send home. The rupee has hovered near multi-week lows against the dirham, lifting household purchasing power in key remittance markets.

The move has prompted many workers to reassess timing, weighing whether to lock in current rates or wait for further shifts in the forex market. (Check live forex rates here)

Current exchange rates as of October 9:

  • Indian rupee: 24.10, unchanged from yesterday's level

  • Pakistani rupee: 76.67, unchanged from yesterday's level

  • Philippine peso: 15.67, slightly stronger from yesterday's 15.73

Nivetha Dayanand is Assistant Business Editor at Gulf News, where she spends her days unpacking money, markets, aviation, and the big shifts shaping life in the Gulf. Before returning to Gulf News, she launched Finance Middle East, complete with a podcast and video series. Her reporting has taken her from breaking spot news to long-form features and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, IMF’s Jihad Azour, and a long list of CEOs, regulators, and founders who are reshaping the region’s economy. An Erasmus Mundus journalism alum, Nivetha has shared classrooms and newsrooms with journalists from more than 40 countries, which probably explains her weakness for data, context, and a good follow-up question. When she is away from her keyboard (AFK), you are most likely to find her at the gym with an Eminem playlist, bingeing One Piece, or exploring games on her PS5.

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