Taking rupees into India

batistuta

Dollar is getting hammered by most currecies, By Baht and Rupees, in particular.

1 US Dollar: 39.50 Rs, market rate.

It will be slightly higher with banks, but one can count on Shady Travel agents to get better rates than banks.

A good time for one more visit to India, Mate.

Cheers,

edwardseco

But, the big boys have Cray super computers waiting to pounce on this in a second. A fine Kashmiri boy graduated from Wharton MBA and went to NY for a top level finance job told me that I had as much chance at beating that as being elected Queen of England. Now in local areas like mofussil or remote locations you might find something but how to predict. Every Sept. I think of that fine young man and the role of fate..

vandy

Batistuta, for your sake I hope the price of
Pani Puris is remaining STABLE.

vandy

Aishah

Australian notes can be changed at most places - I changed mine here with no problem. The Aus$ is doing quite well here - as for Indian rupees - like edwardesco I like to have some to pay for my taxi to hotel etc. and not have to do changing at midnight and find nothing is open. Around 800 rupees would certainly tide you over for this- and that is what I would do. I just retain what i have left before I go out of India and then use them when I come back in. I don't bother with travellers' cheques - just use Australian dollars and ATM card. With all the fees involved in converting Aus dollars to American dollars is it worth it? Keeping in mind the exchange rate bet. Aus. and US?

Another thought which i don't think has been mentioned, how would you know your rupees weren't counterfeit if you didn't know what they looked like? 500's and 1000 rupee notes are what are usually counterfeited (in a big way, I might add) and they are banned bringing into Nepal, in case of counterfeit.

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Nick-H

For holiday travellors, variations in exchange rate is just something that has to be lived with: there will be bad trips and good trips.

Last year pounds and dollars were buying lots of ruppees. This year they are buying "very less".

very sad....

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edwardseco

These things are cycles so..

Brisso

Think you mean 34 Vandy

capt_mahajan

Didn't see this earlier.

The interbank rate is about 39.50, which means if you sell, you will get closer to 39, and if you buy, closer to 40.

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Chinadolly

Hi Capt

Any chance you could find out the exchange rate for the english pound. Buying ruppees. thanks

Nick-H

The web is crawling with FX sites!

machadinha

In this site's Travel section you'll find this Converter, handy for other conversions too.

My personal favorite is http://oanda.com/ , but there are indeed many.

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Chinadolly

Excuse me fo being ignorant, but what does FX mean

machadinha

Foreign Exchange, I believe.

There are such things as Google, or a phone call to the bank

capt_mahajan

=crossposted


Heres a decent place for Indian rupee vs major currencies, and some minor ones too. These are interbank rates, I think

http://www.ratesfx.com/rates/rate-inr.html

Chinadolly

Think your missing my point. I was under the impression that the rate of exchange was higher in india, also that it varied a lot due to where you exchanged it, ie not always the bank.
This year i changed some money with a little guy who was operating from a jewellery shop the rate was much higher than the local bank. Don't think you can find this info on Google,do you.