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In the longer term, the bank expects modest fragility where the rupee could weaken to 75 against the dollar. It expects the rupee to reach 73 against the dollar by year-end and says the currency will likely end flat with its end-2020 level. Overall, it was business as usual", Lulu Financial Holdings' Mr Ahamed said.Throughout the day, Al Ansari Exchange received many enquiries to its call centres and customers had visited branches asking about the rates of the affected currencies, Mr Al Najjar said."As financial service providers have access to correct information, the glitch had no impact on our system," he said, adding that at the time of writing, the Indian currency was trading at about 20.01 versus the UAE dirham.Strategists from Swiss investment bank UBS said in a note dated August 25 they expect the Indian currency to weaken to 77 per dollar by the end of the year – more than 5 per cent weaker than current levels – and depreciate further to 79.5 by September 2022.British investment bank HSBC, however, has a more positive view on the Indian currency. "The glitch had affected other currencies, not just the rupee," he said.There was an initial spike in remittance enquiries "but none of this necessarily meant translating into transactions, as ultimately, the actual price was visible before transacting through us. The actual rates, as available with banks, exchange houses and financial service providers, wasn’t affected by the rumours,” said Adeeb Ahamed, managing director of Lulu Financial Holdings.The rupee was trading at 73.49 against the dollar when the confusion happened, according to Ali Al Najjar, chief operating officer of Al Ansari Exchange.