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Industry executives suggest that as and when there is a big drop in the currencies, expats should take advantage of it and remit the funds
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The South Asian currency is trading at 311 against the greenback and 84.7 against the dirham in the open market
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The declining trend can be attributed to the 'ease off in the import restrictions coupled with clearance of backlog for goods and services,' an expert says
Non-deliverable forwards indicate rupee will open near Monday's level of 22.645 to the UAE dirham