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INR/USD Exchange Rate Charts

INR 1.00 = USD Reference Mid-Rate       Switch to /
Exchange Rates are different for International Bank Transfers Select
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

Monetary policy expectations helped the U.S Dollar touch twelve and a half year highs against the Japanese Yen as markets prepare for a prolonged period of BoJ quantitative easing while expectations of a year-end Federal Reserve rate adjustment continue to grow. A stable unemployment print and strong pending home sales report helped bolster claims the economy is recovering from its anaemic first quarter and support suggestions the slowdown was an anomaly that will be reversed leading into the second half of the year. Touching 124.46 the USD gave back much of the advance leading into the daily close as comments from Japanese finance minister Taro Aso hinted at a BoJ intervention should the Yen continue to tumble. The Euro held gains as markets cling to the hope European Creditors and Greece will come to an agreement on reform and advance the next tranche of debt assistance before the cash-strapped nation is forced to default on its current loans. Attentions will be squarely focused on US prelim GDP number and the ongoing Greek debt negotiations for direction into the weekend.
Data releases:
HIA New Home Sales m/m and Private Sector Credit m/m
NZD: ANZ Business Confidence and Building Consents
Household Spending, Tokyo Core CPI, National Core CPI, Unemployment Rate, Prelim Industrial Production and Housing Starts.
GBP: GFK Consumer Confidence         
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BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

BER Team
Add a resurgent carry trade to the list of things keeping Reserve Bank Governor Glenn Stevens from getting a weaker Aussie dollar. A widening yield advantage on the nation’s debt amid a drop in currency volatility is luring investors back to the strategy. Borrowing equally in yen and euros to buy Aussie earned 1.6 per… Continue reading
Posted on 14 May 2015 | 7:47 am
BER Team
The Wall Street Journal.: Macro Horizons: As Yuan Keeps Rising, World Owes China Thanks. http://google.com/newsstand/s/CBIw15miliI
Posted on 14 May 2015 | 7:44 am
BER Team
From time to time we perform BER Rate Checks to ensure the advertised rates for Banks and Brokers are accurate. The below check was run for ANZ Internet Banking International Money Transfers (IMT) Rates (fx rates advertised at anz.com) on 28/04/2015 and 4/5/2015 (AUD exchange rates). The rates on both dates and for all currencies… Continue reading
Posted on 13 May 2015 | 7:09 pm
OzForex Research
Major Currency Pair Movements Last Week: EUR/USD - Extended its gains last week. USD/JPY - Reversed direction. GBP/USD - Gained ground. AUD/USD - Extended its previous week’s gains. USD/CAD - Extended its previous week’s losses. NZD/USD - Lost a fraction last week. Continue reading
Posted on 10 May 2015 | 7:17 pm
Agility Forex
USDCAD Overnight Range 1.2048-1.2142 The highly anticipated US (and Canadian) employment reports were greeted with a resounding “meh”. NFP was right on consensus and the unemployment rate is 5.4%. EURUSD rose and fell and is currently back to its pre-release level. The Canadian report was worse than expected, which was actually expected, shedding 19,700 jobs.… Continue reading
Posted on 8 May 2015 | 6:37 am

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

Advertised Foreign Transfer Exchange Rate - Accuracy Checks

Investigating reports that the exchange rates for International Money Transfers published by Financial Institutions on their websites are better than those available to their customers via Internet Banking. We will publish periodic Exchange Rate Accuracy checks here.⇒ read article

BestExchangeRates in the Press SMH.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

We make it Easy to Compare the Exchange Rates & Fees of Banks and Online Currency Exchange & Payment Providers.
This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook |