Some Question often visitors to India find difficult to get answers:
Which locations in India would give me the best U.S. Dollar to Indian Rupee exchange rate? Would it be at the airport, hotels, banks, street money exchangers, etc or are all exchange rates basically the same? Exchange rates Differ at different places. Everyone cuts its own commission. Best exchange rates are to be found at licenced small private exchanges.
What denominations of U.S. currency would receive the best exchange rates? $100 & $50 bills, or $20 & $10 bills, or are the exchange rates basically the same no matter the U.S. denominations exchanged?You get good Exchange rates on higher currency notes.( $100 and $50 notes.)
What Indian Rupee note and coin denominations would be the most useful in everyday transactions for inexpensive to medium cost meals/transportation/gifts, etc? Breaking large INR notes isn't a big hassle these days. Sure the chai wallah will have problems breaking a INR1,000 notes but most shops and hotels won't have a problem
Despite the Indian rules against importing and exporting Rupees, are those rules normally enforced? I may bring less than 5,000 Rupees to use during the first few days and take home less than 1,000 Rupees as souvenirs but will not do so if I am to get into trouble or have the Rupees confiscated. Arriving with enough INR for a taxi and a chai is a good idea. There is no retriction on bringing in resonable amounts of INR. It is quite legal to trade in INR but if you have INR10,000,000 in your bag the tax man will want a little chat.
Which locations in India would give me the best U.S. Dollar to Indian Rupee exchange rate? Would it be at the airport, hotels, banks, street money exchangers, etc or are all exchange rates basically the same? Exchange rates Differ at different places. Everyone cuts its own commission. Best exchange rates are to be found at licenced small private exchanges.
What denominations of U.S. currency would receive the best exchange rates? $100 & $50 bills, or $20 & $10 bills, or are the exchange rates basically the same no matter the U.S. denominations exchanged?You get good Exchange rates on higher currency notes.( $100 and $50 notes.)
What Indian Rupee note and coin denominations would be the most useful in everyday transactions for inexpensive to medium cost meals/transportation/gifts, etc? Breaking large INR notes isn't a big hassle these days. Sure the chai wallah will have problems breaking a INR1,000 notes but most shops and hotels won't have a problem
Despite the Indian rules against importing and exporting Rupees, are those rules normally enforced? I may bring less than 5,000 Rupees to use during the first few days and take home less than 1,000 Rupees as souvenirs but will not do so if I am to get into trouble or have the Rupees confiscated. Arriving with enough INR for a taxi and a chai is a good idea. There is no retriction on bringing in resonable amounts of INR. It is quite legal to trade in INR but if you have INR10,000,000 in your bag the tax man will want a little chat.
9 comments:
Really a very nice post! It's something I have never thought about, really, but it makes a whole lot of sense. Thanks for sharing the valuable information regarding money exchanger.
Which locations in India would give me the best U.S. Dollar to Indian Rupee exchange rate...currency exchange tips
Rupee on the back of lack of dollar supplies due to the U.S. market holiday dropped in the morning session to 59.86/87 per dollar on Monday, against its previous close of 59.72/73 per dollar on Friday.
Currency tips
I recommend that you surf the internet where you will find guides of Indian currency exchange rate, currency trading agencies, financial institutions, and other sources that offer currency exchange.
I like your writing very so much! share we keep in touch more about your article . Maybe that as you! Taking a look forward to peer you... Forex Trading tips
Thanks for this, I am very impressed : Compare bank exchange rates
First time i visit your blog and its quite informative, keep sharing more updates for Best NCDEX Tips and providing more information with us... commodity Tips
totally profit giving work it was awesome work ............
Business analyst jobs
This is so good. I am such a big fan of their effort. I really am overcome with how much you have worked to create this blog so useful for traders.. mcx tips
Post a Comment