Remittances from the NRIs in the current financial year 2012-13 are expected to cross $75 billion mark up from $66 billion in 2011-12. According to World Bank Estimates, even though the rupee may not see as much depreciation as it did in past 12 months, remittances would remain robust and may well cross $75 billion in 2012-13. The NRIs from the West Asia region account for over 40 percent of the total foreign remittances to India. Our West Asia Correspondent reports that the NRIs in the gulf region are taking advantage of a decline in the value of rupee against the dollar and sending their money back home. With Diwali around the corner, it is crunch time for the banks and money transfer centers which are witnessing an spurt in repatriation of funds back home by the expatriate Indians in Dubai and other parts of West Asia region. During May till September this year, the value of Rupee vis a vis US Dollar was over Rs.55 which dropped to a high of Rs. 51.70. Subsequently it weakened against Dollar to close at Rs. 54.56 on Thursday..Analysts say that over the past two years a strong recovery has been seen in rupee ahead of Diwali which is triggered by increased remittances from the NRIs. The trend is likely to continue. Still a thrifty Indian national who is conscious about the value of savings coupled with a decline in the value of Rupee against Dollar will continue to push the foreign remittances to India on the upswing in the days to come. Atul K Tiwary, AIR News, Dubai.