UAE banks look to cash in on rupee slide | GulfNews.com

UAE banks look to cash in on rupee slide | GulfNews.com:

"UAE banks are trying to muscle into the Indian rupee remittance outflow through special rates and promotions through their Internet banking services for non-resident Indian (NRI) accountholders.
Simultaneously, they are trying to carry the battle to the exchange houses, which are now reaping the windfall from rupee’s nowhere-to-hide slide against the dollar (and the dirham).
With web-enabled banking services – and mobile banking to follow in due course – coming on nicely, some of the major local banks see significant prospects in trying to entice NRI accountholders to use these rather than remit money through exchange houses."

'via Blog this'