Happy times for Indian expats as rupee forex rate jumps

Dubai :Indian expatriates will get an additional Rs500 on every Dh1,000 they earn in salary because of the rupee's free-fall versus the US currency. It's a bonus for the salaried class of Indian expatriates in the UAE in 2016 as the Indian rupee's exchange rate jumped from Rs17.96 on January 1 to Rs18.46 on Tuesday. So Indian expatriates will get an additional Rs500 on every Dh1,000 they earn in salary because of the rupee's free-fall versus the US currency. So if someone is earning Dh10,000 salary a month he or she will get an additional Rs5,000 and a Dh20,000 salary-earner will be rewarded with an additional Rs10,000 every month.According to longforecast.com, the Indian rupee versus US dollar may see a high of Rs73.10 by the end of 2016. - Khaleejtimes