1 USD = 43.8945 INR --- Whats up with exchange rates

Discussion in 'Payment Processing' started by Bohra, Mar 17, 2010.

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  1. #1
    We've got an exchange rate below 44.. wooo in a way its good for our country but once again dont you guys thing paypal exchange is too less compared to real exchange rate
     
    Bohra, Mar 17, 2010 IP
  2. mainhoondon

    mainhoondon Well-Known Member

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    #2
    yeah it is..
    nice to see USD:INR ratio go down :p
    Time to convert some INR in USD lol
     
    mainhoondon, Mar 17, 2010 IP
  3. Bohra

    Bohra Prominent Member

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    #3
    Rates may go down more i guess :)
     
    Bohra, Mar 17, 2010 IP
  4. chandan123

    chandan123 Prominent Member

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    #4
    paypal buys and gives so thats why it is less.
     
    chandan123, Mar 17, 2010 IP
  5. unna

    unna Well-Known Member

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    #5
    Because there are different conversion rates for buying and selling.

     
    unna, Mar 17, 2010 IP
  6. mainhoondon

    mainhoondon Well-Known Member

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    #6
    which one is more?
     
    mainhoondon, Mar 17, 2010 IP
  7. chandan123

    chandan123 Prominent Member

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    #7
    they have to give less or else they will be in loss :D
     
    chandan123, Mar 17, 2010 IP
  8. karthimx

    karthimx Prominent Member

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    #8
    today it comes above 44.

    1 USD = 44.0895
     
    karthimx, Mar 17, 2010 IP
  9. unna

    unna Well-Known Member

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    #9
    Buying rate is more.
     
    unna, Mar 17, 2010 IP
  10. rocky_balbo

    rocky_balbo Peon

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    #10
    buying rate always high compare to selling rate ;)
     
    rocky_balbo, Mar 17, 2010 IP
  11. sweatlana

    sweatlana Well-Known Member

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    #11
    Because Dollar going to down day by day now.
     
    sweatlana, Mar 17, 2010 IP
  12. natj

    natj Well-Known Member

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    #12
    Money exchangers always give you the lowest USD/INR value for the day. That way they can safeguard themselves against currency fluctuations plus keep some commission for the service.
     
    natj, Mar 17, 2010 IP
  13. Sagits

    Sagits Peon

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    #13
    what does INR stand for ?
     
    Sagits, Mar 17, 2010 IP
  14. Bohra

    Bohra Prominent Member

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    #14
    Indian National Rupee
     
    Bohra, Mar 17, 2010 IP
  15. keerthi143

    keerthi143 Well-Known Member

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    #15
    i think india is developing.. by which INR value is increased..
     
    keerthi143, Mar 17, 2010 IP
  16. Arunrajvs

    Arunrajvs Well-Known Member

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    #16
    on PayPal conversion rate is
    Exchange rate 1 US Dollar = 42.9097 Indian Rupe
     
    Arunrajvs, Apr 11, 2010 IP
  17. chandan123

    chandan123 Prominent Member

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    #17
    honestly its a pretty good rate to get that in your bank account :)
     
    chandan123, Apr 11, 2010 IP
  18. generation2020

    generation2020 Member

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    #18
    Yes INR have good exchange rate now but paypal rate is different from normal one.
     
    generation2020, Apr 11, 2010 IP
  19. RightMan

    RightMan Notable Member

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    #19
    Stock market is booming and there is heavy inflow of dollars from overseas, to get invested in the Indian stock markets. No wonder the currency exchange rate of INR against $ is going down... every day! People who have waited for better rate to convert... are doomed! :(

    Regards,

    RightMan
     
    RightMan, Apr 11, 2010 IP
  20. webmasteruler

    webmasteruler Peon

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    #20
    Paypal always gives less than currned usd rate and thats a very old problem. I think they are earning that way too
     
    webmasteruler, Apr 11, 2010 IP
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