Interbank/ mid-market Rate at: 2019-10-23 06:00:44
USD Rates are likely to increase over the next few days*
|7 days||70.90 - 71.65|
|30 days||70.70 - 72.55|
|1 Year||69.00 - 73.00|
Rupee recovered on grouds of the announcement by FM about corporate rate cuts, stronger Yuan and the revival of US - China trade talks. Watch the video to understand the factors impacting Rupee this week and the likely band in which it will progress.
The American dollar (USD to INR) is one of the strongest currencies in the world. It is the official currency for the United States of America and its territories. USD is majorly used for international transactions making it the world’s primary reserve currency. The Indian Rupee is highly exchanged with USD because of two primary reasons:
Besides these reasons, USD is accepted in several countries where it is difficult and expensive to exchange the Indian Rupee. Thus, making USD a cheaper option than the local currency of the place someone chooses to travel to.
US Dollars (USD) is one of the most sought currencies in the world. In case you are looking out to buy/sell USD or convert USD to INR at the best rate, now you can get that online at BookMyForex.com.
The growth of foreign trade, travel, business, and education has led to the development of options for currency exchange. The traditional method of currency exchange included banks and local money changers. To get your money exchanged from a bank, you have to visit a bank and wait for your turn to switch currency at day’s rates.
Further, when you choose a bank to exchange currency you do not get the benefit of the fluctuations of exchange rates. The local money-changers keep a huge mark-up on the currency exchange. Moving ahead of the traditional approach, BookMyForex has revolutionized the forex Industry. It is the largest online marketplace for foreign exchange and provides following currency conversion services to its customers.
BookMyForex is India's first and largest online currency exchange marketplace. At BookMyForex.com, you can not only place your order to convert Dollar to Rupee online but also get it delivered directly to your home. So there is no need to step out to get your foreign exchange.
Step 1: Go to BookMyForex.com or simply call at +919212219191
Step 2: Select the currency (INR to USD) and the amount that you want to exchange.
Step 3: Upload KYC documents which include your Passport, Visa, Air-Ticket and PAN Card online.
Step 4: Get your US Dollars delivered directly to your home on making successful payment.
Also Read: History of 1 USD to INR Since 1947
BookMyForex was established in 2012 with the mission of bringing total transparency in the currency exchange market and provide a seamless experience to the people looking for currency exchange and forex related services in India. Apart from currency exchange services, BookMyForex also deals with forex card issuance, loading/unloading of the prepaid travel card. Traveller’s cheque and international remittance related services.
Foreign currency Notes: Currency notes are paper notes one can use when travelling abroad. Although highly used, currency notes are unsafe and unprotected against loss and counterfeit.
Currency card: Forex or Travel cards are prepaid cards which are pin protected, have considerable spending limits and is completely replaceable in case it is lost or stolen. They are better than debit/credit card due to the fact that you avoid giving 2% to 5% transaction fees and variable currency exchange rates.
Wire transfer: Wire transfer is an easy, efficient method to remit fund abroad, into a foreign account. While most banks and other organisations charge a hefty amount to transfer money, BookMyForex sends money abroad at near-zero charges.
Travelers cheque: Travelers' cheque are pre-printed, fixed-amount cheques which need to be signed twice to be encashed. They are less popular than either Forex card or currency notes and are not accepted easily accepted at international establishments.
Demand Draft: Demand Drafts are famous instruments used to send money abroad. They are issued by a bank towards a beneficiary preferred over personal cheques for the purpose of university fees, etc.
I had a great experience with BookMyForex during my travel to Sweden. These guys have an excellent Service, best market rates and a high level of professionalism. Many thanks for all your dedicated & amicable support. Highly recommended for trouble-free experience.