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INR/USD Exchange Rate

INR 1.00 = USD Reference Mid-Rate       /
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 Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

Suggesting that the US economy may be strong enough to absorb higher interest rates US Stocks gained ground overnight after the world’s largest economy expanded by 3.5 percent during the third quarter of this year. Whilst the underlying figures did reveal a strong portion of that growth was linked to an increase in government spending a separate report painted an even prettier picture after fewer Americans filed for unemployment benefits over the past month than at any other time. Despite the positive reads the US dollars performance has been mixed overnight, whilst weaker against the majority of G10 currencies the Greenback is stronger this morning against both the Euro (1.2607) and the Yen (109.222). In European developments figures showed consumer prices in Germany unexpectedly slowed heightening concerns that weakness from peripheral Europe has finally reached the core. With the dust having settled on broader US dollar moves, macro softness across the 18-nation bloc threatens to further weigh on the currency both in the short and medium term.
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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 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

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