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  • NRI Remittances to India Surge Following Rupee Devaluation

    Kuwait: A surge in the remittances by Expatriates in the Gulf countries has been reported in the wake of Rupee devaluation. The impact of Brexit referendum in the UK has resulted in a rise in the value of Gulf currencies against Indian Rupee.

    By NE Reporter on June 25, 2016

     

    gulf currency

    Kuwait: A surge in the remittances by Expatriates in the Gulf countries has been reported in the wake of Rupee devaluation. The impact of Brexit referendum in the UK has resulted in a rise in the value of Gulf currencies against Indian Rupee.

    NRIs in the Gulf are sending money in big amounts to gain from the differences in the exchange value of currencies.
    The exchange value of currencies in Gulf countries on Friday:

    Qatar: Rs 18.63
    UAE : Rs 18.46
    Saudi : Rs 18.07

    Bahrain: Rs 178.45
    Oman: Rs 175.73
    Kuwait: Rs 223.75

    Iscea

    NE Reporter

    Brexit ImpactGulf CurrenciesNRI RemittancesRupee Devaluation

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