If you are sending remittances to India, then this is the time to use Bitcoins for the same! Right now, the exchange rates are going at $900 to $910 per coin in Localbitcoins India. So this is what you should do:
How ? Localbitcoins India doesn't calculate the prices based on $,it values them on Indian rupee instead.Besides that,doesn't matter where are you buying the coins from,the value of coin doesn't change regardless of the currency differences.
1. Purchase BTC in UK or US, at $740 per coin
2. Send the BTC to a localbitcoins wallet in India
3. Sell the BTC at $900 per coin.
No Logic at all.
1.Your location doesn't matter for the purchase.
2.Localbitcoins wallet isn't based on locations either.
3.Just NOPE.