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INR/USD Exchange Rate Charts

INR 1.00 = USD Reference Mid-Rate       Switch to /
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BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Bank Transfers. We provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and reviews of foreign exchange brokers and online payment providers to help you choose which is best for your needs.

Daily Currency Market Commentary
Daily currency news provided by OzForex

We expect a range today of 1.9050 – 1.9200
US Stocks have retreated overnight with lingering concerns over approaching corporate earnings keeping investors temporarily sidelined. During a week once again dominated by US Federal Reserve chatter Vice Chair Stanley Fisher emphasised overnight that data would play a determining role when deciding the exact timing of a rate hike, failing to provide any further clarity. On the data front, weekly unemployment claims, building permits and housing starts all failed to reach expectation overnight with the overriding picture showing that the US housing markets contribution to growth during the first quarter was close to zero. Triggering across the board declines for the worlds reserve currency the US dollar is weaker against both the Japanese Yen (118.988) and the Euro (1.0761). Looking ahead this evening mounting concerns over Greece’s lack of progress in reaching a debt agreement will continue to play its part as will data on US Inflation and consumer sentiment.  
Data releases
No data today
NZD: No data today
No data today
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BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

Agility Forex
USDCAD Overnight Range 1.2223-1.2323 The US dollar is Mr. Toad and it has been on a wild ride this morning. Another bout of weak US economic data (Jobless Claims rose, Housing Starts and Building Permits fell) revered hard won US dollar gains in Europe. USDCAD which had scraped back above 1.2310 prior to the data… Continue reading
Posted on 16 April 2015 | 6:30 pm
Agility Forex
The Loonie soared following the Bank of Canada slight shift to a more neutral stance supported by tweak of the language around inflation. It’s now “roughly balanced” rather than “more balanced” which in my opinion does not justify a 0.0125 point drop in USDCAD (From 1.2550 to 1.2425). That move was more a factor of… Continue reading
Posted on 15 April 2015 | 6:11 pm
Agility Forex
Our neighbors to the north have had a rough time of it lately. Only recently, the government announced the Canadian economy shrank 0.1% in the January of this year.The reason for this slowdown is obvious; it’s the crash in the price of crude oil which has severely hurt economic activity. Pundits and professors are coming… Continue reading
Posted on 14 April 2015 | 7:38 pm
Agility Forex
USDCAD dropped from the early New York highs following comments from and advisor to Japanese PM Abe stating that JPY is too high at 120.USDJPY plunged from 120.80 to 119.75 taking the US dollar down across the board. Overnight,China posted weaker than expected trade data and AUDUSD tumbled, dragging down Kiwi and the Loonie with… Continue reading
Posted on 13 April 2015 | 11:10 pm
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Reversed direction. USD/JPY - Gained ground. GBP/USD - Reversed direction. AUD/USD - Lost a fraction. USD/CAD - Gained ground. NZD/USD - Lost a fraction last week. Continue reading
Posted on 12 April 2015 | 6:51 pm

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 PressSMH.com.au Money

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

BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Bank Transfers and Travel Money. We provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and reviews of foreign exchange brokers and online payment providers to help you choose which is best for your needs.
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