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INR/USD Exchange Rate

INR 1.00 = USD Mid-Rate       /
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Daily Currency Market Commentary
Daily currency news provided by OzForex

The Greenback surrendered recent gains yesterday as investors take stock ahead of the Jackson Hole Symposium and convergence of Central Bank heads today. Both Fed President Janet Yellen and ECB President Mario Draghi are due to address gathered officials in what investors have dubbed a key directional event. Wednesday’s Fed minutes inferred the U.S Central Bank has shifted toward a hawkish bias and Yellen’s speech is critical in affirming the change in stance. Dipping lower against most major counterparts markets largely ignored stable employment data and strong manufacturing numbers. By all rights the Dollar should have consolidated gains yesterday instead it has served to hone market focus and highlights the importance placed on today’s outcome. A hawkish Yellen tone should see the Greenback rally again gather pace. Euro found some support yesterday bouncing back from 11 month lows on stronger than expected German Private-sector growth and stable manufacturing. EUR/USD opens this morning at 1.3281 as focus turns to Jackson Hole and signs of furthering Central Bank divergence.
Data releases
Jackson Hole Symposium
NZD: No data today     
No data today
GBP: No data today
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Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ read article

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