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India
 

INR 1.00 = USD Inter-Bank Mid-Market Rate    Invert Rate
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Indian Rupee Wire Transfers plus market research and information on both banks and non-bank currency providers. Select
INR Mid-Rates & Charts (30 days & 3 years) :

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Euro opens at the same levels as Wednesday this morning at 1.3461 managing to claw back from the eight month low against the US dollar. Consumer confidence was released as weaker than expected however the market shrugged the soft reading aside. Investors around the globe are still carefully watching geopolitical events as tensions in the Ukraine and Russia continue. The US has placed further sanctions on Russia which can place strain on the European currency. Tonight investors watch as a myriad of important data is to be released from the Eurozone and the US, which is sure to push geopolitical events to the side as economic print is to be once again brought back into the spotlight for market movement. 
Data releases:
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Official Cash Rate, RBNZ Rate Statement, Trade Balance
Trade Balance, Flash Manufacturing PMI
Retail Sales m/m
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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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