INR is stronger all time from what I just heared. Current RBI rate is 40rs - 1$ Its a strong increase in the INR strength, which means. All those making online trasnfer from USD to INR can expect lower INR returns now. Currently major payment processor used by many are offering exchange rates as follows: Xoom: US$ 1.00 = INR 38.9647 Paypal: 1 U.S. Dollar = 38.9707 Indian Rupees Now was that a good news or bad news....
Bad news if you are an Indian wanting to convert your dollars into rupees Good for the Indian economy as a whole though.
Good News for Indian Economy and Bad News for indian webmasters (like us ). Lol overall its a good sign.
of course a bad news.A year back it used to be 46. A 15% drop in the rate in one years time is lot of money
More down today Current Exchange Rate: US$ 1.00 = INR 38.6546 Can anyone know is it going more down in upcoming days or going up after this
Rate (by xe.com) 1.00 USD = 39.6000 INR jesus... Btw,what was the lowest 'exchange rate' ever ? - DarkX
This is the first time since May 1998 that the USD has gone below Rs 40. This is the monthly chart of USD against the INR:
In fact it is also not good news for the economy. Exports getting non-competitive in world markets. . I have a charting software with me - Metastock.
If any of you guys plan to take a vacation abroad do it now. You will pay less in INR than what you would have paid a few months ago.
It is a bad news I'm still waiting to withdraw 1500$ from my paypal The last time i requested a check they gave 41 INR for 1 USD The current rate is 38.6 today & that means a loss of 3600 INR on 1500 USD
If you require to transfer then go for it there is no need to wait because nobody knows what will happen tomm.