$ Exchange rate of 47.970? Come on, Google!

Discussion in 'Payments' started by magneto_ms, Jul 25, 2009.

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  1. #1
    I am just curious as to how Google calculates the exact exchange rates for Rupee-Dollar. I have been keeping a close eye on the rates and can confirm for the past 5 days $ has stayed in the 48.1+ mark.

    http://finance.yahoo.com/q/bc?s=USDINR=X&t=5d&l=on&z=m&q=l&c=

    Where did Google come up with this exchange rate?
     
    magneto_ms, Jul 25, 2009 IP
  2. ClassicPlus

    ClassicPlus Peon

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    #2
    May be above 50. Lets wait and see..
     
    ClassicPlus, Jul 25, 2009 IP
  3. sc18

    sc18 Member

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    #3
    Usually exchange rate offered by banks to purchase dollars is less than selling them.eg we buy doolar at Rs 46 and we sell at Rs48 and the actual dollar rate will be around Rs 47.I hope this will clear ur doubts
     
    sc18, Jul 25, 2009 IP
  4. magneto_ms

    magneto_ms Peon

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    #4
    Actually, here is my issue. Did anybody take a look at the payment history? The rate at which they calculated earnings for June was 47.97 when actually the dollar value had not gone below 48.1 for the past 6days. Just wondering how this happened.
     
    magneto_ms, Jul 25, 2009 IP
  5. unna

    unna Well-Known Member

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    #5
    yes it is true that this time exchange rate is very low only 47.97..

    but guys,

    have u ever checked Paypal. There exchange rate is 46.6537INR.

    very low..
     
    unna, Jul 26, 2009 IP