Some suppliers may charge commission or other fees; check this first. RBI intervention in currency markets is solely to deliver low volatility in the exchange rates, and not to take a view on the rate or direction of the Indian rupee in relation to other currencies. No stores were found in your selected search area. The Chinese yuan added to its earlier drop against the dollar in offshore trading on Friday as Bloomberg reports U. Can add special character but not mandatory Only!
54 rows · This currency rates table lets you compare an amount in Indian Rupee to all other currencies.
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The average Indian Rupee conversion rate over the last 12 months was The average rate over the last 10 years was The lowest was The market high was attained in April, The market low was achieved in January, The average exchange value during that period of history was The highest rate was The lowest was 7.
The market high was attained in February, of Don't buy your Indian Rupees until you've compared them here first! Many people don't realise that most high street currency suppliers offer a worse exchange rate if you walk in off the street without ordering online first. The reason is simple: Don't fall into this common tourist trap when buying your currency. Reserve your Indian Rupees online before you buy them from the high street.
You can collect your order within hours of placing it online individual suppliers vary so check first and be smug all holiday knowing you got the best rate available on the day! Where to buy Indian Rupees - the cheapest places to order Indian Rupees. We are often asked where is the cheapest place to buy Indian Rupees? The answer is most definitely online, followed by the high street, then finally at the airport which offer the worst rates of all.
Let's consider each in a bit more detail:. Buying your Indian Rupees online is always the cheapest option. Competition among online suppliers is very high which means they constantly battle to offer you the best rates possible. In addition, their overheads are much lower than traditional high street exchanges which means they can afford to pass these savings directly on to you in the form of better exchange rates. Even suppliers who offer online and in-store ordering such as the Post Office will usually give better rates for orders placed online.
The high street is the next best place to order Indian Rupees. It is difficult to generalise all high street suppliers because they are so varied, but if you are set on buying your Indian Rupees in the high street some places are better than others, usually in this order best to worst: Specialist bureau de change, pawnbrokers and money shops, supermarkets, the Post Office, travel agents, and banks.
Our general advice is to avoid buying currency at the airport at all costs because they are usually the worst places in the country for foreign exchange. If you have left it too late and need to buy at the airport, try and reserve your currency online first and collect it when you get there rather than placing a new order when you arrive. Most airport kiosks are run by three suppliers; Travelex, Moneycorp or ICE PLC and all three of these have websites that allow you to reserve your currency online for collection at the airport.
This assimilation to sterling did not however happen in British India itself. In Somalia the Italian colonial authority minted 'rupia' to the exact same standard, and called the pice 'besa'. The Spanish dollar had already taken hold in the Straits Settlements by the time the British arrived in the nineteenth century, however, the East India Company tried to introduce the rupee in its place. These attempts were resisted by the locals, and by when the British government took over direct control of the Straits Settlements from the East India Company, attempts to introduce the rupee were finally abandoned.
International use With Partition, the Pakistani rupee came into existence, initially using Indian coins and Indian currency notes simply overstamped with "Pakistan". This creation of a separate currency was an attempt to reduce the strain put on India's foreign reserves by gold smuggling. After India devalued the rupee on 6 June , those countries still using it - Oman, Qatar, and the Trucial States which became the United Arab Emirates in - replaced the Gulf rupee with their own currencies.
Kuwait and Bahrain had already done so in and respectively. The Bhutanese ngultrum is pegged at par with the Indian rupee, and both currencies are accepted in Bhutan. The Indian rupee is also accepted in towns in Nepal which lie near the border with India. Madras also issued 2 rupees coins. Copper denominations were more varied. Note that Madras also issued the Madras fanam until In , a single coinage for the EIC was introduced. The coinage of the EIC continued to be issued until , even after the Company had been taken over by the Crown.
Regal issues, In , coins were introduced which are referred to as Regal issues. They bore the portrait of Queen Victoria and the designation "India". In , bronze replaced copper for the lowest three denominations and in , a cupro-nickel 1 anna was introduced.
In and , cupro-nickel 2, 4 and 8 annas were introduced, although the 4 and 8 annas coins were only issued until and did not replace their silver equivalents. Also in , the Bombay mint struck gold sovereigns and 15 rupee coins identical in size to the sovereigns as an emergency measure due to the First World War. In the early s, several changes were implemented. Independent issues, predecimal, India's first coins after independence were issued in The sizes and compositions were the same as the final Regal issues, except for the 1 pice, which was bronze but not holed.
In , the word naya e was removed from all the coins. In , nickel-brass 20 paise were introduced, replaced by aluminum coins in In , cupro-nickel 2 rupees coins were introduced. The move was prompted by the melting down of older coins whose face value was less than their scrap value. Although they remain valid, paise coins have become increasingly rare in regular usage.
The coins are minted at the four locations of the India Government Mint. Coins minted with the "Hand Picture" are onwards. Banknotes British India, In , the Government of India introduced its first paper money, 10 rupee in , 5 rupees in , 10, rupees in , rupees in , 50 rupees in , rupees in and rupees in The Reserve Bank of India began note production in , issuing 2, 5, 10, 50, , and rupee notes, while the Government continued to issue 1 rupee notes.
Independent issues since After independence, new designs were introduced to remove the portrait of the King. The government continued to issue the 1 rupee note, while the Reserve Bank issued other denominations, including the and 10, rupee notes introduced in In the s, 20 and 50 rupee notes were introduced but denominations higher than rupees were demonetized in In , the rupee note was introduced, followed by the rupees in In September , Reserve Bank of India has decided to introduce polymer notes polymer banknote on a trial basis.
Initially, crore 1 billion pieces of Rs. According to the Reserve Bank officials, the polymer notes will have an average lifespan of 5 years 4 times the regular Indian bank notes and be difficult to counterfeit. The polymer notes are cleaner than the regular notes, too. Currently circulating notes The current series, which began in , is called the Mahatma Gandhi series. ATMs usually give Rs. In recent years, the banknotes were slightly modified to include see through registration on the left side of obverse.
Indian Rupee (INR) Currency Exchange Rate Conversion Calculator This currency convertor is up to date with exchange rates from September 8, Enter the amount to be converted in the box to the left of the currency and press the "convert" button. The Indian Rupee is the currency of India. Our currency rankings show that the most popular India Rupee exchange rate is the USD to INR rate. The currency code for Rupees is INR, and the currency symbol is ₹. Below, you'll find Indian Rupee rates and a currency converter. USD to INR currency converter. Get live exchange rates for United States Dollar to India Rupee. Use XE's free calculator to convert foreign currencies and precious metals.