With rising stock markets, dollar rate has really taken the pounding with spot market rate crashing from 47+ level to 46.205 yesterday! There is an important support for the dollar rate coming up at 45.90 and hopefully... it would see a rebound from this level! Regards, RightMan
That means paypal currently offering something around 44 I have a feeling that we'll see 45 to 46 again in next few days. DON.
Today...Stock markets have taken a break from rising and so... dollar rate is steady and not fallen! Hopefully, Monday will bring a bit of bounce and make it go past 46.50! Regards, RightMan
I wonder what brought about such a change... particularly when all trading exchanges were closed! Regards, RightMan
The rate did bounce off from the mentioned level and has inched up today to 46.25 in the spot market. It remains to be seen if this proves to be dead cat bounce or reversal for good! Regards, RightMan
The rise in dollar rate should continue today as well... as American markets have seen a drop of close to 1.5% overnight and Asian/Indian markets are expected to follow suit! Regards, RightMan
Indian markets remained sideways for the most of the week... with some weakness cripping in on the last day of the week and so dollar rate remained locked up in the 46 to 46.60 range with no major volatility. FIIs are still making good purchases in Indian stock markets and so... it is preventing any rise in the dollar rate... with constant supply coming from these people! Regards, RightMan
I raelly don't care too much about this conversation rate, it makes me sad each time make a withdrawl.
The dollar rate is well above 46... the rate being 46.17 today! If you are referring to Paypal's conversion rate... I guess you have to wait till spot crosses 46.50! Regards, RightMan
The current withdrawal rate is 1 USD = 44.6647 INR Yesterday it was around 44.9 !! BTW just to save time, here is a quick link to check conversion rate - convert-currency-withdrawal You'll need to login first.
That way moneybookers is way better than paypal, i just transfered USD $1000@46.23INR the current rate can be checked here too http://www.xe.com/ucc/convert.cgi?Amount=1000&From=USD&To=INR
I have never used MB... but it appears it offers the best conversion rate, even better than xoom which is offering the rate of 45.4901! And... paypal is mis-using its reach and mass usage, by indulging in daylight robbery... offering as low as 44.66! Regards, RightMan
I think current rate is good so dont expect too much and withdraw it , remember when you need money you should withdraw dont wait for more
American stock markets have been beaten black and blue overnight and so expect carnage in our markets as well... making the dollar rate rise even more... today! Regards, RightMan