Send money home now: Don’t delay remittance plans to April, score savings!

Dubai: Good news! Sending money from the UAE to select countries just got more financially savvy! Here's the deal!

Among popular South Asian currencies, the Indian rupee is seen rising against the UAE dirham in the coming weeks. Ready to leverage these remittance-friendly rates? Here's what to do..

Will your currency back home rise or fall?

When it comes to sending money back home, it is vital to know whether it is currently an ideal time to remit. To understand whether it is or isn’t, one should first find out if your currency back home is expected to rise or fall in the weeks to come. Check live forex rates here.

Here is an analysis of how the Indian rupee has been performing and expected to perform in the coming weeks and month, to help understand whether remitting money now is profitable or cost-effective, or should you wait it out for a few weeks for a better rate to come along.

Indian rupee now at remittance-friendly 23.51

The Indian rupee was currently at remittance-friendly levels of 23.51 to the UAE dirham, and at 86.35 against the US dollar. After the Indian rupee last bottomed out in 2019 and 2021, the currency was seen plunging even further in value to new record lows in 2025.

The rupee’s drop this year – which continued the weakness seen right through 2024 – has meant a bonanza for UAE and Gulf Indian expats on their remittances, who can expect some more help by way of a weak Indian rupee. So here’s the good news for remitters!

Indian rupee to rise, don't delay remittances

According to new research, the Indian rupee is expected to rise in value against the UAE dirham to between 23.20 and 23.24 by the first week of April, higher in value from the level the currency is at currently, confirmed Jasdeep Singh, Dubai-based forex trader and analyst.

“As rates are expected to return to a period of pressure by the end of April or start of May, it would either be cost-effective to remit now or wait until then to remit money home next,” Singh added, when asked what is a near-term trend remitters can rely on to base their current remittance plans on.

“So make use of the latest trend wherein it’s already currently cost-effective and profitable to your savings levels to remit, particularly when sending larger amounts in Indian rupees.”

Next steps? As the exchange rate of the Indian rupee is expected to strengthen for expat remitters through most of April, it is financially prudent to remit now or hold off until it returns to its current levels in a month or two to get more Indian rupees for your UAE dirhams.

How long will Indian rupee remain pressured?

“From our perspective, the Indian rupee is likely to remain under pressure,” reiterated a 2025 research note on the India economy from HSBC. “We expect USD-INR to edge towards 88 by end-2025 owing to broad-based dollar strength,” the HSBC report stated, when updating year-end forecasts.

Generally speaking, remittance rates will remain favourable to remitters for the time being, with the value of most South Asian currencies experiencing weakness in the weeks to come. This is because the US dollar is expected to strengthen further in the short-term, as per latest forecasts, meaning you will find more opportunities to send more money home.

So be on the lookout for more such regular updates on forex rates in the months to come!