Rupee fall: NRIs in these nations must be happy!

A weak rupee may be bad news for the country, but NRIs in these nations have a reason to rejoice.
India is the largest recipient of global remittances in the world, receiving $69 billion in 2012, according to a World Bank report. The money that expatriates send will have more value now because of a depreciating rupee.
A remittance is a transfer of money by a foreign worker to his or her home country.

A remittance is a transfer of money by a foreign worker to his or her home country.

    India is the largest recipient of global remittances in the world, receiving $69 billion in 2012, according to a World Bank report.

    Source: Migration and Development Brief 2012 from the World Bank’s Migration and Remittance Unit (Photo by Chris Jackson/Getty Images)

    
see the 16 countries that send the highest amount in remittances to India
    Rank 16. Indians based in Malaysia sent back $493 million to India in the form of remittances. (Photo by Chris Hondros/Getty Images)

    Rank 15. Indians based in Italy sent $ 572 million to their home country, India.
  

  Rank 14. Indians based in Bahrain sent $690 million to their home country.
  

  Rank 13. Singapore-based Indian expats remitted $ 1,113 million to India. (Photo by Suhaimi Abdullah/Getty Images)

     Rank 12: Australia-based Indians remitted as much as $1,245 million back home. (Photo by Mark Metcalfe/Getty Images for WWF Australia)
  

  Rank 11: Indians based in Sri Lanka sent $1,283 million back to India. (Photo by Paula Bronstein /Getty Images)
   

 Rank 10: The remittances from Qatar to India had been $2,084 million, according to the report. (Photo by Robert Cianflone/Getty Images)
   

Rank 9: Oman-based Indians remitted $2,373 million to India. (AFP PHOTO/ MOHAMMED MAHJOUB)
   

 Rank 8: The Gulf is a popular region for Indian workers. Indians based in Kuwait remitted $2,673 million to their home country.
  

  Rank 7: Indians in Nepal remitted $ 2,934 million to India! (REUTERS/Navesh Chitrakar)
  

  Rank 6: Canada-based Indians sent home as much as $3,145 million.
 

   Rank 5: Indians working in Bangladesh remitted $3,716 million back home. (Photo by Daniel Berehulak/Getty Images)
 

   Rank 4: UK-based Indians remitted $3,904 million to their home country.
   

 Rank 3: Workers in Saudi Arabia remitted $ 7,621 million to India, according to the report.
   

 Rank 2: Indians working, based or settled in the United States sent back whooping $10,844 million to India.
  

 1. Indian received as much as $14,255 million in remittances from United Arab Emirates. (Photo by Julian Finney/Getty Images)