Indian migrants living in UAE can now send their home money without any charge. Banks and Remittens platforms have started promotions with ‘zero fees’ one after the other, which is right for those NRIs who are thinking of sending money to their homes this month.
Recently, the Indian rupee has shown strength against Dirham/Dollar, which raised the question in the NRI community whether to transfer or stay a few days? In the midst of this uncertainty, this offer with zero fee is encouraging people to take advantage of immediate advantage.
US dollar fall while rupee strengthens
A major cause of recent strength in Indian rupee is a frequent decline in US dollar, which has been revealed due to increasing concerns of investors and uncertainty in American economic policies.
Due to dollar fall
Uncertainty about American economy
There is a concern among investors that America’s economic growth may cause a slowdown, causing pressure on the dollar.
President threatens to increase tariff (import duty)
This can affect global trade relations and weakened the trust of investors towards the dollar.
Possibility of cutting interest rates in July
The speculation of the upcoming interest rate cut by the Federal Reserve is also making the dollar weak. If this happens, the dollar may be relaxed further.
Free money transfer offers for Indian migrants
These days the ‘zero fee’ transfer schemes offered by banks or remedies platforms for Indian migrants (NRIs) in UAE can actually prove to be very beneficial. Especially when the Indian rupee has strengthened in recent times and the trend of decline in the dollar continues.
Nilesh Gopalan, a Treasury manager of a Dubai -based Remittens Fintech Company, said that whatever free transfer offers are being received in the next few days, they can prove to be quite useful for Indian migrants. Depending on the platform, there may be a savings from DH5 to DH20 at a time.
The performance of the Indian rupee (INR) in 2025 has been very dependent on global geopolitical events and dollar moves. Although the recent decline had led to some concern, but experts believe that the rupee could return to strength, especially after the ceasefire came into force in the Israel-Iran struggle.
Transfer of India from UAE now beneficial
The current transfer rate is beneficial ₹ 23.38, but if the ceasefire remains permanent, the rupee can go again ₹ 23 or below in the coming weeks. In such a situation, it may be prudent to transfer and take advantage of ‘zero fee’ offers. Both investors and savings should monitor changes in the direction of the rupee
