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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 currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.

Daily Currency Market Commentary
Daily currency news provided by OzForex

Similarly to most majors the Euro managed to take advantage of the mixed US numbers overnight to gain around half a cent against the US dollar. Mixed data provided a good opportunity for investors to sell the safe haven currency taking profits from the recent string of USD gains. In European markets the Central bank announced 82.6 billion Euro’s in loans available to banks with a reduced interest rate. This is designed to help push money into the market and boost the European economy. On the US front we saw building permits and the Philly Fed manufacturing index struggle to impress however the negative reaction was softened by reduced unemployment claims.Heading into the weekend there is very little from the US and Eurozone and eyes will focus on the results of the Scottish referendum vote being announced 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 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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