UAE expats, time to remit: Indian rupee, Pakistani rupee expected to strengthen further in coming days

UAE expats, time to remit: Indian rupee, Pakistani rupee expected to strengthen further in coming days

Dubai: Remittances from the UAE were seeing an uptick as several, particularly South Asian currencies, lost a bit of momentum and recorded remittance-beneficial rates in the past few weeks. But will the currency trend continue? Evidently, no. The Indian rupee and the Pakistani rupee are expected to strengthen now in the coming weeks. Here’s how you can still take advantage of remittance-beneficial rates despite the rise. Check the . 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 days to come. Here is an analysis of how the aforementioned currencies have been performing and expected to perform in the coming week, 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. If a currency is expected to weaken or depreciate, like the above-mentioned currencies in this instance, it's prudent to take advantage of more remittance-friendly rates after it drops further, rather than now. On