hello How much are indian paypal users getting per $ from about a month . I withdrew it last time it was 42 and yesterday i.e thursday it was 41 . I normally withdraw on mondays and it usally used to be 44 . should i wait till monday and withdraw or will i get the same amont on monday also..?
I'm not sure whether such a big fluctuation in the currency actually occurs ( from Monday 44 to Thursday 41). The rates should be pretty close to each other the whole week- maybe 1 -+
It has over a period of time, i remember last year i used to get 45+ , and now just 41. Kinda sucks that the rupee is appreciated against the dollar, but on the whole against the euro/gbp its stable!
rupee will appreciate in the future and that means that the rs will get around 41-42 finally because of the repo rate increase of the RBI and the cash Reserve Ratio increase which is causing more people to demand Indian Ruppes due to which the rupee demand has increased and supply has fallen. Thereby applying the principles of economics, exchange rate will fall
it used to be over 45, but then now it is about 41.9, it was 42 a month ago, it is dropping badly! but then who cares, 41 is also nice! am happy
The value of a Rupee is growing, which is good for India, but its not good for us haha (Joke) Regards, Kulwinder.
Hmmm...Yes, it's depreciating everyday. The current range is 42.90 to 42.40 (heck, we had 46.5; 6-7 months ago!) PayPal deducts 2.5% from the mid-market rates and this rate remains fixed for a whole day. You can track (with per minute updates) $->Rs. through this tool : Currency Tool
RBi desnt want to buy $$$$$ as it will have to flood Rupee in the domestic market, already flush with huge liquidity.......chasing few goods and services.......causing more inflation..........Also weeker $$$$$ makes Imports cheaper...........But exporteres feel the heat especially SME's..........but Rs. is stable against euro and BP......interesting to see when the RBI intervens as rupee is already Over-valued by9% on trade basis.
Dollar is weakening against all currencies...there is not much RBI can do about it. The dollar is at record low against the euro.
The rupee went up by over a percentage in todays trade. Such huge fluctuations (1%) are rarely seen in the currency market. Looking at the stats, its a nine year high! The same levels for the rupee were witnessed in June 1998.
Yes u r rght it used to be 45 and 2 yrs. back it was 54...Indian Economy is doing better which is good for India but bad for US and for the ppl out there providing some services from India for $$$ like me ...lol
Dollar has never crossed 50 INR. The highest it has gone is 49.07 in May 2002 That's the monthly chart:
Sachin, thanks for the chart.! Yes, i must have forgotten.. as seen in the chart it would have touched 49 levels for a few days and then retracted..