How many rupees to the pound TODAY?

Hi All, Whilst reading this site I've seen exchange rates from 72 to over 90 Rs/£.
The TV says 72 for a tourist rate and 82 for the pound rate. Whatever that means?
So! All you people actually there. What are you getting today as the exchange rate? And where is the best place to exchange money? Banks? BDC? Hotels? Or by using ATMs and letting my UK bank convert it?
All advice greatly appreciated.
Buck

2 days ago it was 82, in fact for the last year or so it has been between 81 and 85.

Type foreign exchange into google.com and you will get the latest..

Thank you for your replies.
82 seems to be a recurring figure and I am searching fruitlessly for the post from the guy who was getting over 90.
I've noticed using various exchange sites through Google that there can be a difference from 78 - 85 rupees and that was in the last three hours!
Would still like to know who gives the best exchange rate after commission etc.

90 was a peak touched around about a year ago. We had some really good months with the rate in the high 80s, but the govt decided that reducing the flow of foreign currency into the country was a necessary part of its inflation control, so it influenced rates accordingly.

So now it is around 80.

Thanks Nick.
If I use 80 as the standard, everything exchanges in my favour! Excellent!
So the 2500 rupees that I found in a suitcase are worth more than when they hid themselves in there a few years ago???
Should I change my identity when I go back?

How's Skegness?

Buck

Never been to Skegness. But I'm hoping they let me over the border into Cornwall again when I visit UK soon

I have a local account so spend in Rs, but if I use my UK credit card I get around 81 to the pound when it's converted. I used my UK cash card in local ATM's before I set up the local account - and got a better rate than local currency exchange kiosks but a 1 percent cash charge. Even so, using the ATM was much more cost effective than exchanging cash.

Hotels however only give around 75 to the pound, so do not change money in them, and settle bills in Rs cash.

Bombay Taxis operate an exchange rate of 1Rs to 1 pound if they can get away with it.

(This post is from a Crackberry PDA - so it may look a bit odd?)

Thank you very much for that informative post.
ATM troubles are being discussed elsewhere but it's nice to know from the people 'on the ground' what to expect.

Nick you say Cornwall again?
OK then was it the Eden project? Not Skegness!

I used to live in Helston when I was in the Fleet Air Arm. We used to have to show our passports to the Kernow cops at the border. Nearly as bad as Indian immigration!!

buck

If you want to see how the exchange rates are moving go to http://www.bbc.co.uk/
on the left hand side there's a menu headed "Browse" under 'Business and Money' there's a choice named 'Market Data' which leads to currency exchange rates with links to see the movement over the past 12 months.
The high for £ vs Rs was 89.52
When I was in India last year Mar-May the rate on arrival was Rs75 on departure it was Rs85.5.

Avoid Thomas Cook which gives Rs 1.5-2 under the going rate.

Reminder for UK MEMBERS intending to use ATM's.
Open a flex account at the Nationwide Building Society.
You get a 'visa' debit card which enables you to make withdrawals in foreign currency at the BANK RATE with NO CHARGES.(as long as you're in credit ,obviously)

thank you for not smoking.....

Yes! It was the Eden project... the temperate biome is somehow not as famous as the tropical biome, but I thought that hint of the biome structure in the background would be instant giveaway to those who have been there.


I keep a bookmark to this for rupee/pound trends

http://www.indiamike.com/india/forum...osters-t43710/

this is exactly the kind of thing that can be answered more efficiently with a search engine on the web

www.xe.com is the leading foreign exchange website, with rates updated every minute. It's currently showing 81.05 rupees to one pound Sterling. Just bear in mind that the rates shown there are interbank rates, and that you'll probably get 3-4% less when drawing cash from an ATM or at a foreign exchange counter. (Except, as has been said, if you bank with Nationwide, who offer the interbank rate and charge no commission).

By the time your bank takes out their commission, plus atm fee, plus more than likely the local bank's atm fee, you are looking at more like 10%

TC's all the way! Boycott plastic money!

Buck, you forgot about inflation..