Best ever dollar to rupee rate , perfect time to remit to India for NRIs
Elderly couples who get remittances from their children doing work in the US or Europe realize a sudden windfall in the depreciating rupee. The value of the us dollar went up to a exceptional level of Rs 54.30 on Thursday, eight to nine rupees over from the normal exchange rate of Rs 45-46 .
Despite the fact that it is not as if one obtains money from overseas on a weekly or even monthly basis, but those seniors whose children do divert money home at this time will see a buffer against the challenging price boost at home. The expense of surviving in Mumbai has become excessively high,” said Avinash Vyas, a retired government worker in Andheri. “Having experienced the buzz of the past couple of weeks, my son has been waiting for the exchange rate to kick an highest low of Rs 53-54 to make a quick electronic transfer. I think he will do so now.”
Newly-married Saif Nomani, who expected the fall a few weeks back, has returned to his work base in the Gulf. “He was intending to request his friend to work his account when the time came to remit money at this exchange rate. Now that he is there, he can do so himself,” said his wife Anab who will join him soon.