USD Exchange in India
Basically, they add a huge margin on these rates to earn a profit.
The US Dollar Rate in Delhi Today
Money changers have always used a static rate for Dollar to Rupee exchange purposes. This rate is sometimes termed today's dollar rate or dollar USD rate today. American dollar rates, just like the rate of any other financial security vary every second. Money changers necessarily need to protect themselves from currency fluctuations that occur in the live market and in order to do that they create a large margin on these so called today's USD rates.
With our robust technology infrastructure and our excellent tie-ups, were able to provide our customers with perfectly live and transparent exchange rates. With the option to see dollar rates online live, you can ensure to get the best deal. Our dollar rates are live so you can exchange your Dollars or any other foreign currency back into Indian rupees at exact interbank rates - that's the same rates that you see on search engines like Google, forex sites and business news channels like CNBC.
Orders lesser than Rs. See Full Rate Card. So essentially the Best USD rate means The exact rate at which a customer can exchange their money The rate which has no add on hidden cost like store charges- bank fees etc.
Get started with your US Dollar exchange order by using our interactive order booking form below. Currency in British India In , British India adopted a silver standard system based on the Rupee and was used until the late 20th century. Although India was a colony of Britain, it never adopted the Pound Sterling. In , financial establishments collapsed and control of paper money was shifted to the British government, with the presidency banks being dismantled a year later.
That same year, the Victoria Portrait series of notes was issued in honor of Queen Victoria, and remained in use for approximately 50 years. The Indian Rupee was adopted as the country's sole currency, and the use of other domestic coinage was removed from circulation. India adopted a decimalization system in Click on a currency code to learn about it.
XE Currency Converter More currencies. Why are you interested in the INR? In , the Rs and Rs 1, ceased to be legal tender in India. The removal of the denominations is an attempt to stop corruption and illegal cash holdings.