Remit now? Rupee steady and peso gains

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

Last updated:
Nivetha Dayanand, Assistant Business Editor and Justin Varghese, Your Money Editor
1 MIN READ
File photo of currency exchange. Asian currency dip boosts remittance returns for UAE workers.
File photo of currency exchange. Asian currency dip boosts remittance returns for UAE workers.
Gulf News Archives

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 DayanandAssistant Business Editor

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox

Up Next