Thankfully... the last two days saw stock markets taking a breather and so there is anticipation of slow down in dollar flow from overseas. The dollar rate has quickly climb to 46.66 in the spot market today! Regards, RightMan
Paypal has always been keeping a difference of INR 1.50 between its own rate and that available in the spot market. Hence a spot rate above 46.50 will automatically ensure their exchange rate to be 45+ The stock markets have opened further down this morning... pushing the dollar rate up... to 46.99 in the spot market! Regards, RightMan
today Paypal's rate is 1 US Dollar = 45.0352 Indian Rupees...Any chance of getting a better rate than this ?
I think if you have enough funds to withdraw rightnow then go with this rate as well because this is also good exchange rate IMO. DON.
American stock markets are showing some signs of fatigue and so if our markets decide to imitate them.. we can anticipate a bit of increase in the dollar rate in the coming days! Regards, RightMan
Not only inflation.. the stock markets were crashing into a deep hole and FII's were pulling out dollars in heap! There was pessimism all around... but right now, it is optimism which is in abundance! Regards, RightMan
I guess such rates would be a reality only when there appears economic crisis in the world economy once again, which infact would be very bad for majority of the people around the world... and so, it would not be prudent to wish for those rates .... again! Regards, RightMan
Of course... it is very difficult to say, but that should not prevent us from guessing its trend and in process try to extract the best conversion price for us! Regards, RightMan
Unfortunately for us, FII's continue to pour dollars in our market, putting pressure on the conversion rate. The spot market rate has fallen to 46.60! Regards, RightMan
Looking at the amount of inflow... I don't think so! FII's bought a huge INR 1300+ crores of stocks yesterday and the figure would be in the same range today as well. No wonder dollar rate is quoting at 46.47 today! Regards, RightMan
The dollar rate is much better compared to an year ago. The conversion rate offered by paypal fluctuates around 44-45, however, the recent announcement made by paypal relating the funds transfer has made thousands of people withdraw their funds. Smart they are! The rate now is gonna be around 44-45!
You appear to be right... considering the huge flow from overseas. But then... uncertainty is the only thing certain of this market and so, it would be fool hardy to pre-empt any move.. up or down! Regards, RightMan
we should hope for a strong rupee as a true Indian.. but gosh, the temptations are preventing us to hope so.............
A strong rupee would also be bad for exports... which is very much vital for the economy as well! Regards, RightMan