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Orient Exchange and Financial Services (P) Ltd is a Bangalore-based financial institution authorized by the Reserve Bank of India as Dealer Cat-II

Industry executives say that the rupee will remain volatile in the weeks ahead due to political uncertainty and lower foreign exchange reserves

Several investors and traders are also expecting an increase in interest rates in order to contain inflation, supporting Sterling against foreign currencies

Ty-led Metropolitan Bank & Trust Co. has partnered with 13 foreign entities to further expand its remittance business in the international market.

Dubai: Higher Indian rupee remittances from the UAE might have to wait until August or September, by which time it could be in 20.15-20.28 to the dirham (74.74.50 against dollar). On Thursday (June 10), a dirham was fetching 19.87 rupees. If so, this would be a sharp improvement on the present remittance flows to India, which had slowed considerably in the year-to-date after a prolonged slump last year. The layoff of over 150,000 Indian workers amidst the pandemic was reflected in the 17 per ce...

Hold or remit? Pakistani rupee hits a one-year high Waheed Abbas/Dubai Photo: AFP Higher foreign remittances and exports receipts support the south Asian currency, experts say Pakistani rupee rose to a year high on Tuesday on the back of higher inflow of foreign currencies. The rupee strengthened to 156.7 versus the US dollar (42.68 against the UAE dirham) on Tuesday, hitting the same level as March 15, 2020. The strengthening of the south Asian currency is attributed to strong flows of remitta...

With UAE economy recovering, expats could send more money home Waheed Abbas/Dubai Filed on March 13, 2021 | Last updated on March 19, 2021 at 02.04 pm A revival in the UAEs economic activity will be a huge boost to the remittance business. (File photo) Economic recovery to aid rebound; lingering pandemic effects to hit global activity Remittances from the UAE are expected to improve this year compared to 2020 as the economy recovers, but the global outlook is not rosy due to lingering e...

Remittances from UAE likely to rise as economy steps up Waheed Abbas © Provided by Khaleej Times Remittances from UAE likely to rise as economy steps up Remittances from the UAE are expected to improve this year compared to 2020 as the economy recovers, but the global outlook is not rosy due to lingering effects of the pandemic. Following a 10-15 per cent drop in 2020, foreign exchange industry executives in the UAE are confident of a recovery in remittances despite some unce...

Time to remit: Pakistan rupee hits 3-month high, set to rise further Waheed Abbas/Dubai Photo: AFP In addition to strong inflows of foreign funds and remittances, good progress made on the Financial Action Task Force also supported the rupee. Pakistani rupee hit a three-month high against the UAE dirham on Monday and is likely to strengthen further in the coming days, as dollar inflows into the country stay strong, thanks to remittances from Pakistani expatriates and foreign fund inflows. ALSO ...