Dubai: Softness in Asian currencies continues to benefit UAE expats, who get more back home for every dirham they send. The Indian rupee, Philippine peso and Pakistani rupee are all trading near multi-year lows.

The Indian rupee opened marginally weaker on Wednesday, tracking losses across most Asian peers, with investors awaiting the Federal ​Reserve's policy decision after local market hours for clues on the ‌outlook for further rate hikes. Currently the Indian rupee is trading at Dh25.95 versus Dh25.92 in the previous session. Now, an expat will have to spend DH38.54 to get a Rs1000 in exchange.

Peso softens

The Philippine peso (PHP) has weakened further against the dirham, currently trading at Dh17.39 versus the Dh17.33 previously. President Ferdinand Marcos Jr.…