UAE dirham to Indian rupee
The UAE is home to one of the largest Indian communities abroad and one of the biggest sources of money sent to India. Check what your dirhams are worth at home today.
Why the dirham moves exactly with the dollar
The UAE has pegged the dirham at 3.6725 to the US dollar since 1997. So the dirham–rupee rate is simply the dollar–rupee rate divided by 3.6725. When you hear that the rupee has weakened against the dollar, your dirhams buy more rupees by the same percentage, which is why remittances from the Gulf often rise when the rupee falls.
Questions
Exchange house, bank app or online service?
Compare the rupees delivered for the same dirham amount, including the fee. Exchange houses and app-based services in the UAE compete closely; rates can differ by a few paise per dirham, which adds up on large transfers. Many offer better rates on weekdays when markets are open.
Should NRIs use an NRE or NRO account?
Salary earned in the UAE is best sent to an NRE account: deposits and interest are tax-free in India and freely repatriable. NRO accounts are for income earned in India, such as rent.
Is this the rate I will get?
It is the mid-market rate. Remittance providers add a margin; the gap is usually small for large transfers.