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Rate of USD against INR

Discussion in 'Payment Processing' started by Mr_Kumar, May 13, 2008.

  1. #1
    Today PayPal is giving exchange rate--

    1 U.S. Dollar = 40.7647 Indian Rupees
    SEMrush
    I am seeing this rate is increasing hour by hour and day by date.

    Good or Bad?
     
    Mr_Kumar, May 13, 2008 IP
    jackass2007 and preyank like this.
    SEMrush
  2. natj

    natj Well-Known Member

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    #2
    A stronger dollar (weaker Rupee) is obviously a very good thing for those in IM -- we get paid in Dollars of course

    I remember the "good old days" when the USD was trading at Rs 47

    I really wish it were at that level but I'd be thankful for anything above 40
     
    natj, May 13, 2008 IP
    Mr_Kumar likes this.
  3. goforhunt

    goforhunt Banned

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    #3
    If its true,offcourse its good for webmasters,but I doubt if it could hold for longer.
     
    goforhunt, May 13, 2008 IP
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  4. kanwarjot

    kanwarjot Notable Member

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    #4
    Good for people who earn through adsense..
     
    kanwarjot, May 13, 2008 IP
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  5. Mr_Kumar

    Mr_Kumar Notable Member

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    #5
    How it is good for people who earn through adsense??? :confused:
     
    Mr_Kumar, May 13, 2008 IP
  6. Mr_Kumar

    Mr_Kumar Notable Member

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    #6
    Being a service provider who receives payment in USD in PayPal it is good. But being an Indian I don't feel good. When rate was $37.8 then I was more happy as Rupee was going strong rather than crying on personal minor losses. Also, when I saw there is huge change in big companies as they started firing guys then it made my face serious. I admit, I have very less knowledge to say this news is good or bad.

    Thats true. Better time to withdraw money.
     
    Mr_Kumar, May 13, 2008 IP
  7. EnPassant

    EnPassant Active Member

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    #7
    If you have dollar assets or receive payments in dollar you'd want a stronger dollar, which is not the case now versus a number of currencies. But be careful, the gains can be limited too.
     
    EnPassant, May 13, 2008 IP
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  8. saurabhj

    saurabhj Banned

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    #8
    Yes that's true and it's better time to withdraw your USD's ;)

    It has crossed 40 INR after a long long period. Hope it will be again 45 INR :D

    It is good for webmasters but not good for India :(
     
    saurabhj, May 13, 2008 IP
  9. cool_fs4u

    cool_fs4u Peon

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    #9
    its gonna increase in coming days as US dollar is getting stronger
     
    cool_fs4u, May 13, 2008 IP
  10. goforhunt

    goforhunt Banned

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    #10
    I personally doubt its going back to 45 in recent future, may be if things go well in long run for US, it may but I can't see this happening in a year.
    I could be wrong though but its my opinion
     
    goforhunt, May 13, 2008 IP
  11. esidyo

    esidyo Peon

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    #11
    Yes, I am really happy now, As even I am getting that rate, in December it was 38.5094 Rupees = 1$
     
    esidyo, May 14, 2008 IP
  12. Rohit patel

    Rohit patel Prominent Member

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    #12
    Yes that is more better for us. Normal Exchange rate is 42.55 INR right now. That means PayPal still take 1.50 INR from exchange rates.:D
     
    Rohit patel, May 14, 2008 IP
  13. cyberspirits

    cyberspirits Peon

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    #13
    Its all depending on Dollar rate..its Rs.42+ now..paypal is still giving lesser than the market rate..But this is a natural outcome..One has to pay exact price while buying a dollar..but when selling or cashing in to rupee comes the companies deliberately try to eat up Re. 1 -1.5 and always give less in conversion.
     
    cyberspirits, May 14, 2008 IP
  14. Joomla Dude

    Joomla Dude Banned

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    #14
    Yeah,i was so overwhelmed seeing this. In 2 days,i have withdrew a lot of money from my paypal. Im so happy.It was Rs 40.7239 yesterday.Awesome!!
    Its really a gift to all the programmers and webmasters,who earn a lot by their skills.
    Cheers friends..
    We should have a party tonight..
    Thanks to Paypal and to US economy off course . :p
     
    Joomla Dude, May 14, 2008 IP
  15. khan11

    khan11 Active Member

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    #15
    yea, same here in pakistan, dollar value is increasing day by day..

    it is good for us but if we see from our country's economy point of view, it means our country's rupee value is going down, which can cause in inflation. what do you say?
     
    khan11, May 14, 2008 IP
  16. Joomla Dude

    Joomla Dude Banned

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    #16
    Nopes,our country value is not going down,but its inflation in USA. The US economy is at a great stage now and its uplifted. So we are getting this raise in value.This is the 1st time after 5 months,im seeing such economy change in US.
     
    Joomla Dude, May 14, 2008 IP
  17. khan11

    khan11 Active Member

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    #17
    yea same here.

    Before, it was stuck at 60rs here, but now its 65.

    Same is with gbp!

    It has reached at 130rs/pound which is good for me ;)
     
    khan11, May 14, 2008 IP
  18. eddy2099

    eddy2099 Peon

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    #18
    Well it depends on if you are a buyer or a seller.

    If you are a buyer then the lower the number of rupees against the US$ is better as it means you will need to pay less for your purchases.

    If you are a seller then the higher the number of rupees against the US$ is better since you will get getting more rupees for your US$ sales.

    When the US$ raises (ie more rupees to US$1) it would mean that all imports demoninated in US$ to India would cost more.
     
    eddy2099, May 14, 2008 IP
  19. mentos

    mentos Prominent Member

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    #19
    Its good news for seller
     
    mentos, May 14, 2008 IP
  20. agnivo007

    agnivo007 Peon

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    #20
    Yea, things look good and my prediction is the rates will be increasing gradually for some days and then fall abruptly (in tandem with the global market cues)

    Oh, I miss the 45/$ days...and yes, such days won't come back soon. ;)
     
    agnivo007, May 14, 2008 IP