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In April 23

SBI Bank Forex Rate 27-04-23

SBI Forex Update & Old Data- Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), Thai Baht (THB), Korean Won (KRW) and Japanese Yen (JPY).

SBI-Forex-Rate sbiforexrate.in

Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the INR.

Introduction:

A foreign exchange rate is the price of the domestic currency stated in terms of different currency. Forex exchange, also known as Forex trading or currency trading, plays a vital role in global economies. In other words, a foreign exchange rate compares one currency with another currency to show their relative values. Forex exchange refers to the buying and selling of currencies on the foreign exchange market. Since standardized currencies around the world float in value with supply, demand and consumer confidence, its values change relatively to each over time. For example, one US dollar in 2020 was worth about 0.68 Euros. In 2023, one US dollar is worth 0.75 Euros. This means the dollar has increased its value over three-year span, but the Euro is still 25% more valuable.

The forex market is the biggest, highly liquid market in the world, with trillions of dollars changing every day. There is no centralized location, rather ‘the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks). Participants in the Forex market include individuals, financial institutions, corporations, and governments.

Forex Trading in India:

Regulatory Framework Forex trading in India is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The RBI oversees currency exchange and sets guidelines to maintain stability. SEBI regulates Forex trading through authorized brokers and facilitates investor protection.

Currency Pairs in India:

The Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY). Currency pairs involving the INR offer diverse trading opportunities for market participants.

Comprehensive understanding of market Dynamics:

Understanding Market Dynamics Successful Forex trading requires a comprehensive understanding of market dynamics, including factors influencing currency exchange rates, global economic indicators, geopolitical events, and central bank policies. Continuous learning and staying informed are crucial for making informed trading decisions.

Legal and Tax Implications Complying with legal and tax requirements is vital in Forex trading. Traders must adhere to regulatory guidelines, report their earnings accurately, and fulfill tax obligations as per Indian laws. Seeking professional advice can ensure compliance and mitigate potential legal and financial risks.

Explanation of Terms:

T.T. Buying:

Rate at which a Foreign Inward Remittance received by Telegraphic Transfer, Foreign DD or Foreign Cheque is converted into Rupees. In respect of Foreign DDs & Cheques, interest/charges at the ruling rate will be deducted towards transit period/collection as per FEDAI guidelines.

T.C. Buying:

Rate at which Foreign Currency Traveller’s Cheques are bought from the customer. Currency Buying – Rate at which Foreign Currency Note is bought from the customer.

T.T. Selling:

Rate applicable when a customer sends an outward remittance through Telegraphic Transfer or through Issuance of Demand Draft.

T.C. Selling:

Rate applicable when a customer buys Foreign Currency Traveller’s Cheques from the Bank. The same will be arranged through TC issuers.

Currency Selling:

Rate applicable when a customer buys Foreign Currency notes from the Bank. This is however, subject to availability of currency notes at the Branch concerned.

State Bank Of India

Latest Forex Rates In India

  • Banks use the mid-market rate, also known as the interbank rate, when exchanging currencies between themselves.
  • They add hidden fees to the rate they give their customers. This is why you’ll see different exchange rates across providers-you’re paying the difference between the mid-market rate and the rate quoted by your bank.
  • Customers lose money to these hidden fees when they make a transfer – often without even realising.

Latest Forex Rates Check Here: Sbi

CURRENCYTT BUYTT SELLBILL BUYBILL SELLTC BUYTC SELLCN BUYCN SELLPC BUY
UNITED STATES DOLLARUSD/INR80.9682.4680.8982.6380.282.979.883.180.83
EUROEUR/INR88.8491.7688.7891.948892.287.5592.4588.71
GREAT BRITAIN POUNDGBP/INR100.4103.51100.3103.7199.4104.198.9104.3100.23
JAPANESE YENJPY/INR60.2562.0960.262.2159.6562.457.3564.4560.16
SWISS FRANCCHF/INR90.0993.4190.0393.5989.2593.985.896.9589.95
AUSTRALIAN DOLLARAUD/INR52.9455.1452.955.2452.9555.450.957.252.86
NEW ZEALAND DOLLARNZD/INR49.2651.4349.2251.530046.8553.449.19
CANADIAN DOLLARCAD/INR5960.8358.9660.9458.4561.1556.263.1558.91
SINGAPORE DOLLARSGD/INR60.362.1660.2562.280057.464.560.21
HONG KONG DOLLARHKD/INR10.2510.5810.2310.6009.751110.22
DANISH KRONERDKK/INR11.9312.311.9212.330011.3512.7511.91
NORWEGIAN KRONERNOK/INR7.587.87.577.82007.28.17.55
SWEDISH KRONASEK/INR7.818.047.88.06007.48.357.78
BAHRAINI DINARBHD/INR210.5223.24210.33223.6800204.5227.1210.16
KUWAITI DINARKWD/INR259.2274.92258.96275.4500251.8279.6258.76
UAE DIRHAMAED/INR21.6122.9221.5922.97002123.321.58
SAUDI ARABIAN RIYALSAR/INR21.1622.4421.1422.480020.5522.821.13
SOUTH AFRICAN RANDZAR/INR4.334.594.324.6004.154.74.31
CHINESE YUANCNY/INR0011.6411.9800000
OMANI RIYALOMR/INR206.1218.61205.96219.0300200.3222.30
QATARI RIALQAR/INR21.6323.1221.6223.17002123.521.6
MALAYSIAN RINGGITMYR/INR00000017.119.40
THAI BAHTTHB/INR000000225.5251.20
PAKISTANI RUPEEPKR/INR0000000.240.290
BANGLADESHI TAKABDT/INR0000000.640.770
TURKISH LIRATRY/INR004.084.3300000
KOREAN WONKRW/INR005.916.2900000
CURRENCYTT BUYTT SELLBILL BUYBILL SELLTC BUYTC SELLCN BUYCN SELLPC BUY
UNITED STATES DOLLARUSD/INR81.3182.1681.2482.3380.582.680.282.881.18
EUROEUR/INR89.2391.4189.1691.5988.3591.8587.992.189.1
GREAT BRITAIN POUNDGBP/INR100.81103.12100.74103.3299.85103.6599.35103.9100.66
JAPANESE YENJPY/INR60.5161.8560.4661.9759.962.1557.664.1560.42
SWISS FRANCCHF/INR90.4893.0690.4293.2489.693.5586.1596.690.34
AUSTRALIAN DOLLARAUD/INR53.2154.9753.1755.0853.255.2551.1557.0553.13
NEW ZEALAND DOLLARNZD/INR49.4351.2349.3951.330047.0553.1549.36
CANADIAN DOLLARCAD/INR59.2660.6259.2160.7458.760.956.4562.959.17
SINGAPORE DOLLARSGD/INR60.5461.960.4962.020057.6564.260.45
HONG KONG DOLLARHKD/INR10.2910.5410.2810.56009.7510.9510.26
DANISH KRONERDKK/INR11.9812.2611.9712.280011.412.711.96
NORWEGIAN KRONERNOK/INR7.627.777.617.79007.28.057.59
SWEDISH KRONASEK/INR7.848.017.838.03007.458.37.81
BAHRAINI DINARBHD/INR211.39222.41211.24222.8400205.25226.2211.07
KUWAITI DINARKWD/INR260.27273.88260.08274.4200252.75278.6259.88
UAE DIRHAMAED/INR21.722.8421.6922.880021.0523.2521.67
SAUDI ARABIAN RIYALSAR/INR21.2522.3521.2322.40020.6522.7521.22
SOUTH AFRICAN RANDZAR/INR4.344.574.344.58004.24.654.32
CHINESE YUANCNY/INR0011.6911.9300000
OMANI RIYALOMR/INR207.01217.78206.85218.2100201221.50
QATARI RIALQAR/INR21.7323.0321.7123.080021.123.4521.7
MALAYSIAN RINGGITMYR/INR00000017.1519.30
THAI BAHTTHB/INR000000226.6250.450
PAKISTANI RUPEEPKR/INR0000000.240.290
BANGLADESHI TAKABDT/INR0000000.650.770
TURKISH LIRATRY/INR004.14.3200000
KOREAN WONKRW/INR005.936.2600000

Note: All Rates Displayed below are directly taking from respective websites of bank. For more exact details, Please contact Concern Bank.

In the context of forex exchange rates in India, there are several terminologies used. Here are some key terms you should be familiar with:

  1. Base Currency: The base currency is the currency against which exchange rates are quoted. In India, the Indian Rupee (INR) is often the base currency for forex exchange rates.
  2. Quote Currency: The quote currency is the currency in which the exchange rate is expressed. For example, when quoting the exchange rate of INR to USD, USD would be the quote currency.
  3. Bid Price: The bid price represents the price at which a market participant is willing to buy the base currency. It is the price at which you can sell the quote currency in exchange for the base currency.
  4. Ask Price: The ask price is the price at which a market participant is willing to sell the base currency. It is the price at which you can buy the quote currency in exchange for the base currency.
  5. Spread: The spread refers to the difference between the bid and ask prices. It represents the transaction cost or the profit margin for the currency exchange service provider.
  6. Exchange Rate: The exchange rate indicates the value of one currency in relation to another. It represents the rate at which one currency can be exchanged for another.
  7. Interbank Rate: Interbank rates are the rates at which banks trade currencies with each other. They serve as benchmarks for forex exchange rates and are typically more favorable than retail rates.
  8. Spot Rate: The spot rate refers to the current exchange rate for immediate settlement or delivery of currencies. It is the prevailing rate for on-the-spot transactions.
  9. Forward Rate: A forward rate is an exchange rate agreed upon today but with a future delivery or settlement date. It allows parties to lock in an exchange rate for a future transaction, protecting against currency fluctuations.
  10. Cross Currency Pair: A cross currency pair involves two currencies other than the domestic currency (INR) in India. For example, trading USD to EUR or GBP to JPY would be considered cross currency pairs.

Understanding these terminologies will help you navigate the forex exchange market in India and make informed decisions when dealing with currency transactions.

Conclusion:

Forex exchange in India offers individuals and businesses a gateway to participate in the global currency market. With the right knowledge, understanding market dynamics, and adhering to regulatory frameworks, traders can unlock opportunities and navigate the intricacies of Forex trading. By embracing this dynamic field, participants can harness the potential for financial growth and contribute to India’s thriving economy.

In 2021

RBI Bank Forex Rate Latest Data From 2010

RBI Forex Update & Old Data- Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY).

rbi Forex Data

Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the INR.

Introduction:

A foreign exchange rate is the price of the domestic currency stated in terms of different currency. Forex exchange, also known as Forex trading or currency trading, plays a vital role in global economies. In other words, a foreign exchange rate compares one currency with another currency to show their relative values. Forex exchange refers to the buying and selling of currencies on the foreign exchange market. Since standardized currencies around the world float in value with supply, demand and consumer confidence, its values change relatively to each over time. For example, one US dollar in 2020 was worth about 0.68 Euros. In 2023, one US dollar is worth 0.75 Euros. This means the dollar has increased its value over three-year span, but the Euro is still 25% more valuable.

The forex market is the biggest, highly liquid market in the world, with trillions of dollars changing every day. There is no centralized location, rather ‘the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks). Participants in the Forex market include individuals, financial institutions, corporations, and governments.

Reserve Bank Of India

Type Any Date in Format (dd/mm/yyyy) in Search Bar

 Get data from January 2010 to Now, RBI Forex Update & Old Data in International currencies such as US Dollar (USD), Euro (EUR), British Pound (GBP), and Yen.
 Some Data is not available on RBI Official Site.
DateUSDGBPEUROYEN
26/06/202483.5409105.961089.406052.2700
25/06/202483.4275105.867389.570052.3300
24/06/202483.5138105.652289.401052.2800
21/06/202483.5860105.808789.536252.5800
20/06/202483.5265106.121089.642352.8100
19/06/202483.4251106.157389.549652.8700
18/06/202483.4817105.964489.535852.8800
14/06/202483.5458106.369489.550552.8900
13/06/202483.5469106.772490.274153.1700
12/06/202483.5645106.513089.790153.1500
11/06/202483.5054106.264589.932553.0900
10/06/202483.4919106.136689.778853.1400
07/06/202483.4257106.663190.843953.7200
06/06/202483.4649106.779490.807053.4700
05/06/202483.3898106.456090.674753.5300
04/06/202483.5021106.862191.019553.5200
03/06/202483.0659105.797790.154252.8100
31/05/202483.2988105.928390.121053.0800
30/05/202483.4231105.867390.050853.1800
29/05/202483.3270106.320390.422653.0400
28/05/202483.1644106.225390.446853.0200
27/05/202483.0838105.827790.113252.9800
24/05/202483.1219105.503989.893052.9200
22/05/202483.2301106.106290.387953.2100
21/05/202483.3614106.000790.550553.3500
17/05/202483.4815105.722690.683253.6300
16/05/202483.5011105.861090.834254.1500
15/05/202483.5092105.158790.392653.4100
14/05/202483.5201104.876790.082553.3700
13/05/202483.5234104.643189.979253.6000
10/05/202483.4946104.692890.013353.6600
09/05/202483.4976104.208989.667553.6000
08/05/202483.5147104.317789.754953.8100
07/05/202483.5015104.719889.828754.0600
06/05/202483.4725104.783689.830954.2800
03/05/202483.3795104.617489.500754.4500
02/05/202483.4526104.585089.481853.7300
30/04/202483.5187104.641189.340553.2500
29/04/202483.4392104.556089.460753.1300
26/04/202483.3395104.256089.428853.4300
25/04/202483.3758104.182089.407253.5700
24/04/202483.2987103.688089.112453.7700
23/04/202483.3765102.877288.738753.8700
22/04/202483.4113103.297788.969853.9000
19/04/202483.5214103.795988.887454.0900
18/04/202483.5170104.247689.273654.1800
16/04/202483.4982103.671988.559354.0400
15/04/202483.4422104.069788.907154.2500
12/04/202483.3931104.424389.126154.4200
10/04/202483.2253105.518690.294554.8300
08/04/202483.3176105.232490.253554.8800
05/04/202483.4073105.236790.306855.1500
04/04/202483.4475105.601190.492755.0200
03/04/202483.4204104.873389.849955.0100
02/04/202483.3585104.580589.447054.9400
28/03/202483.3739105.293590.217855.0900
27/03/202483.3255105.132990.224354.9200
26/03/202483.3559105.453590.433455.0800
22/03/202483.3546105.248590.262555.0500
21/03/202483.1308106.361490.911855.0600
20/03/202483.1022105.698890.307754.8300
19/03/202482.9401105.413590.132155.1700
18/03/202482.9078105.584790.275555.5900
15/03/202482.8919105.587790.167655.9000
14/03/202482.8709106.022890.662456.0300
13/03/202482.9027106.061890.593356.1900
12/03/202482.7450106.058190.505456.1400
11/03/202482.6770106.238390.444256.2500
07/03/202482.7785105.408590.233055.7000
06/03/202482.9078105.334990.011355.3100
05/03/202482.9271105.135589.968755.0900
04/03/202482.8954104.981589.902855.1300
01/03/202482.8702104.647489.576655.1100
29/02/202482.9246105.031789.862155.3600
28/02/202482.9155104.982689.784255.0500
27/02/202482.8915105.102089.939555.0700
26/02/202482.8856104.995189.719255.1000
23/02/202482.8865104.953189.711455.0300
22/02/202482.9240104.882889.869255.2000
21/02/202482.8851104.678489.611555.2500
20/02/202482.9704104.421689.358055.1700
16/02/202483.0375104.480089.350055.2600
15/02/202483.0119104.324989.064055.2700
14/02/202483.0864104.765989.055355.2200
13/02/202483.0190104.747389.389355.5300
12/02/202482.9954104.829889.572055.6300
09/02/202482.9995104.714489.403755.5500
08/02/202482.9762104.786289.469455.8100
07/02/202482.9765104.576989.294356.0500
06/02/202483.0629104.254589.300955.9600
05/02/202483.0284104.731589.524555.9800
02/02/202482.8406105.633490.132256.5800
01/02/202482.9553105.097789.610556.4700
31/01/202483.0805105.308489.882656.2000
30/01/202483.1190105.613889.962556.4200
29/01/202483.1494105.662490.165556.2000
25/01/202483.1155105.654290.417556.2300
24/01/202483.1457105.615090.330056.2100
23/01/202483.1029105.839990.602756.1100
19/01/202483.1338105.562290.445755.9000
18/01/202483.1243105.539090.637656.2300
17/01/202483.1310104.737990.253156.2300
16/01/202482.9774105.236990.610856.7900
15/01/202482.8530105.664190.840057.0300
12/01/202482.9881106.005191.092257.1800
11/01/202482.9415105.928591.113557.0200
10/01/202483.1548105.576790.896557.4000
09/01/202483.1289105.919091.054457.7500
08/01/202483.0687105.584290.893257.5900
05/01/202483.1760105.357490.880357.2600
04/01/202483.3002105.555290.994457.9900
03/01/202483.3242105.277491.281158.6500
02/01/202483.3282106.101291.923258.9000
01/01/202483.1975105.947691.840158.9900
29/12/202383.1164106.105392.004958.8200
28/12/202383.2254106.609092.452358.9400
27/12/202383.3226106.089192.015458.4100
26/12/202383.1703105.669091.683658.4500
22/12/202383.2493105.622391.555958.4900
21/12/202383.2729105.228191.157258.2100
20/12/202383.1523105.751491.146057.8600
19/12/202383.1790105.263690.866457.9500
18/12/202383.0173105.351290.631158.3600
15/12/202383.1802106.120291.369658.6000
14/12/202383.3500105.352290.859358.8200
13/12/202383.3950104.657989.927657.2000
12/12/202383.3800104.868789.803057.3400
11/12/202383.3872104.596589.796957.3000
08/12/202383.3681104.916089.899257.8800
07/12/202383.3650104.674889.735256.9900
06/12/202383.3544105.065489.950556.6300
05/12/202383.3931105.361690.388156.7800
04/12/202383.3357105.704790.627656.8100
01/12/202383.3602105.369090.940456.2700
30/11/202383.3500105.868491.481656.6800
29/11/202383.3191105.921391.644356.5900
28/11/202383.3926105.295991.314956.2400
24/11/202383.3675104.550690.930055.8500
23/11/202383.3571104.299290.953255.9400
22/11/202383.3375104.324190.845155.9500
21/11/202383.3466104.401691.306256.4000
20/11/202383.3309103.983690.982955.8700
17/11/202383.2646103.375290.364855.2800
16/11/202383.2388103.187890.222555.0000
15/11/202383.1272103.829890.400855.1800
13/11/202383.3248101.953589.064854.9000
10/11/202383.3530101.936388.913855.0600
09/11/202383.2808102.309989.174955.1600
08/11/202383.2691102.221188.979755.2600
07/11/202383.2650102.640889.139155.3700
06/11/202383.2213103.051389.358055.6500
03/11/202383.2669101.627388.528355.4000
02/11/202383.2630101.403888.238855.3600
01/11/202383.2843101.116688.039355.0600
31/10/202383.2692101.164388.323655.4200
30/10/202383.2676100.928787.950655.6600
27/10/202383.2518100.911287.898455.4200
26/10/202383.2439100.516587.704155.2200
25/10/202383.1518101.147588.121055.4900
23/10/202383.1663101.079887.961755.4700
20/10/202383.1982100.656087.916655.4900
19/10/202383.2746101.049887.759255.6000
18/10/202383.2571101.630888.171555.6400
17/10/202383.2555101.350387.716955.6400
16/10/202383.2632101.324187.706155.6900
13/10/202383.2574101.518087.761655.6000
12/10/202383.1834102.556888.485055.8300
11/10/202383.2368102.276488.253855.8900
10/10/202383.2556101.750687.895755.9500
09/10/202383.2542101.591887.796055.8100
05/10/202383.2413101.066087.471655.9500
04/10/202383.2588100.412987.078255.7800
03/10/202383.1812100.391987.068055.5000
29/09/202383.0580101.671387.937955.8100
28/09/202383.1591100.916387.344255.6600
27/09/202383.2188101.107587.920155.8100
26/09/202383.2328101.390988.058155.8100
25/09/202383.0968101.697788.454356.0100
22/09/202382.9477101.869288.347055.9900
21/09/202383.1511102.437288.511056.0500
20/09/202383.2553102.840888.996656.2800
18/09/202383.2102103.156288.755956.3700
15/09/202383.0557103.229988.566256.2800
14/09/202382.9760103.683589.151656.3900
13/09/202382.9527103.298289.112256.3300
12/09/202382.9760103.789189.057656.4900
11/09/202382.8809103.746488.951156.7300
08/09/202383.1589103.932689.148656.5000
07/09/202383.1829103.961489.182156.4000
06/09/202383.0902104.439489.178556.4500
05/09/202382.9440104.404989.316956.4400
04/09/202382.7373104.357789.255956.6000
01/09/202382.6648104.644889.616956.7900
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07/09/201046.710071.781659.760055.5900
06/09/201046.480071.958060.010055.1200
03/09/201046.670071.986159.820055.4000
02/09/201046.780072.141859.940055.5700
01/09/201046.870072.222059.600055.5300
31/08/201047.080072.635059.500055.9600
30/08/201046.840072.777759.670055.1300
27/08/201046.860072.668159.590055.3100
26/08/201046.810072.857459.450055.2500
25/08/201046.930072.326259.350055.6600
24/08/201046.790072.215759.190055.0800
23/08/201046.610072.597459.280054.5800
20/08/201046.580072.399359.660054.5800
18/08/201046.640072.417959.880054.5500
17/08/201046.680073.147659.980054.7400
16/08/201046.780073.093859.870054.4900
13/08/201046.580072.790660.050054.1000
12/08/201046.940073.670060.540055.0000
11/08/201046.540073.426260.780054.5400
10/08/201046.300073.158660.930053.9300
09/08/201046.070073.659061.260053.8500
06/08/201046.020073.208660.700053.4200
05/08/201046.230073.459560.800053.6700
04/08/201046.220073.686261.070054.0600
03/08/201046.220073.457460.810053.4300
02/08/201046.190072.737760.420053.3400
30/07/201046.460072.535760.730053.7000
29/07/201046.630072.868760.740053.3900
28/07/201046.570072.667860.620053.0100
27/07/201046.760072.571560.800053.7500
26/07/201046.860072.520560.640053.5900
23/07/201047.000071.879560.530053.9700
22/07/201047.330071.754660.380054.7800
21/07/201047.250072.320960.980054.2000
20/07/201047.100072.048961.290054.1400
19/07/201047.080071.933560.620054.3600
16/07/201046.800072.081460.370053.6600
15/07/201046.740071.308959.470053.0600
14/07/201046.630070.921959.290052.4300
13/07/201046.930070.308258.900052.9500
12/07/201046.730069.940858.800052.6300
09/07/201046.750070.922159.360052.8100
08/07/201046.850071.366659.320053.0500
07/07/201047.080071.208559.270053.9400
06/07/201046.800071.007358.770053.3300
05/07/201046.690070.924458.570053.1000
02/07/201046.680070.787958.290053.0300
01/07/201046.680069.581256.990052.8300
30/06/201046.600070.072456.940052.6100
29/06/201046.520070.082456.930052.3700
28/06/201046.160069.369257.030051.6400
25/06/201046.540069.633157.390051.9900
24/06/201046.240069.262957.050051.4800
23/06/201046.310068.687056.850051.2300
22/06/201046.040067.863056.670050.7300
21/06/201045.640068.060756.830050.2900
18/06/201046.140068.467157.180050.8200
17/06/201046.500068.364357.090050.9200
16/06/201046.350068.674557.160050.6100
15/06/201046.730068.679156.920051.2500
14/06/201046.570068.234456.810050.6600
11/06/201046.820068.972956.660051.1400
10/06/201046.980068.466356.580051.6100
09/06/201046.980067.902556.200051.3800
08/06/201046.950068.051756.130051.1200
07/06/201047.280068.236956.380051.8700
04/06/201046.670068.336556.850050.3600
03/06/201046.520068.530957.220050.3600
02/06/201047.190069.482657.590051.6100
01/06/201046.690067.737957.260051.2100
31/05/201046.450067.329357.170050.7800
28/05/201046.540067.780957.380051.0500
26/05/201047.570068.384358.430052.7100
25/05/201047.400067.962158.190052.8200
24/05/201046.670067.643558.380051.6500
21/05/201046.950067.664359.030052.0600
20/05/201046.750066.999857.690051.3600
19/05/201046.000065.874356.070050.0000
18/05/201045.550065.926856.370049.1600
17/05/201045.720065.647156.190049.6600
14/05/201045.100065.685956.570048.5900
13/05/201044.990066.909156.980048.1800
12/05/201045.330067.521357.280048.9300
11/05/201045.140066.680857.280048.8100
10/05/201044.960066.860058.340048.3600
07/05/201045.580067.050557.810049.5200
06/05/201045.400068.433757.910048.4000
05/05/201044.870068.036458.270047.3400
04/05/201044.560067.887258.720046.9300
03/05/201044.560067.947359.000047.3800
30/04/201044.440068.313258.940047.2500
29/04/201044.570067.670658.880047.4200
28/04/201044.600068.079758.900047.7800
27/04/201044.450068.639759.430047.3800
26/04/201044.330068.399059.190047.0200
23/04/201044.540068.264258.910047.6700
22/04/201044.450068.721959.570047.7500
21/04/201044.410068.364859.670047.6000
20/04/201044.610068.233260.010048.1700
19/04/201044.600068.030660.050048.4900
16/04/201044.490068.545760.160048.0300
15/04/201044.380068.817860.530047.5700
13/04/201044.620068.605560.630048.0600
12/04/201044.350067.500860.500047.5700
09/04/201044.350067.844459.300047.3500
08/04/201044.690067.850659.490047.9500
07/04/201044.420067.756059.390047.2800
06/04/201044.450067.659659.670047.2800
05/04/201044.730068.168560.290047.3000
31/03/201045.140068.032860.560048.4400
30/03/201044.940067.636960.760048.5800
29/03/201045.080067.405960.610048.6800
26/03/201045.340067.429660.520049.0100
25/03/201045.630067.890660.710049.5700
23/03/201045.560068.677161.600050.4300
22/03/201045.490068.028061.450050.2800
19/03/201045.480069.093261.890050.2800
18/03/201045.490069.577062.220050.4600
17/03/201045.410069.098162.550050.1300
15/03/201045.580069.099362.590050.3100
12/03/201045.450068.488662.270050.1400
11/03/201045.470068.089162.020050.3100
10/03/201045.410068.006061.750050.4200
09/03/201045.540068.423962.010050.5900
08/03/201045.430068.842462.120050.2400
05/03/201045.780068.834862.150051.2500
04/03/201045.820068.986662.610051.9000
03/03/201045.900068.941862.580051.6500
02/03/201046.020068.721762.310051.5100
26/02/201046.230070.657962.810051.7300
25/02/201046.360071.046762.420051.8200
24/02/201046.250071.472462.630051.2700
23/02/201046.130071.589162.840050.6300
22/02/201046.160071.421162.920050.3400
19/02/201046.470071.503462.560050.5500
18/02/201046.220072.364362.760050.8600
17/02/201046.020072.601263.360050.9400
16/02/201046.180072.484162.980051.4100
15/02/201046.380072.570863.000051.4600
11/02/201046.460072.654164.020051.6600
10/02/201046.560072.987564.070051.9400
09/02/201046.680072.939863.940052.2000
08/02/201046.810072.901963.800052.3900
05/02/201046.560073.208663.850051.8900
04/02/201046.090073.220963.960050.6500
03/02/201046.040073.790664.330050.8800
02/02/201046.250073.775764.390050.9600
01/02/201046.340073.907764.320051.3700
29/01/201046.370074.783264.630051.5900
28/01/201046.310074.992164.880051.3500
27/01/201046.290074.712165.120051.8300
25/01/201046.180074.525365.410051.2200
22/01/201046.170074.952465.270051.2400
21/01/201045.970074.800164.800050.2000
20/01/201045.950074.875565.200050.3600
19/01/201045.620074.844265.670050.4000
18/01/201045.660074.361965.640050.2600
15/01/201045.670074.586065.880050.1600
14/01/201045.480074.014266.100049.6000
13/01/201045.680074.029066.210050.1400
12/01/201045.400073.162165.860049.2600
11/01/201045.360072.938965.790049.1500
08/01/201045.800073.067065.560049.0700
07/01/201045.870073.263665.940049.7600
06/01/201046.120073.718266.200050.1400
05/01/201046.200074.529866.780050.3500
04/01/201046.510074.853266.480050.0700
01/01/201046.650075.246566.830050.1100
DateUSDGBPEUROYEN

Forex Trading in India:

Regulatory Framework Forex trading in India is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The RBI oversees currency exchange and sets guidelines to maintain stability. SEBI regulates Forex trading through authorized brokers and facilitates investor protection.

Currency Pairs in India:

The Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY). Currency pairs involving the INR offer diverse trading opportunities for market participants.

Comprehensive understanding of market Dynamics:

Understanding Market Dynamics Successful Forex trading requires a comprehensive understanding of market dynamics, including factors influencing currency exchange rates, global economic indicators, geopolitical events, and central bank policies. Continuous learning and staying informed are crucial for making informed trading decisions.

Legal and Tax Implications Complying with legal and tax requirements is vital in Forex trading. Traders must adhere to regulatory guidelines, report their earnings accurately, and fulfill tax obligations as per Indian laws. Seeking professional advice can ensure compliance and mitigate potential legal and financial risks.

Latest Forex Rates In India

  • Banks use the mid-market rate, also known as the interbank rate, when exchanging currencies between themselves.
  • They add hidden fees to the rate they give their customers. This is why you’ll see different exchange rates across providers-you’re paying the difference between the mid-market rate and the rate quoted by your bank.
  • Customers lose money to these hidden fees when they make a transfer – often without even realising.

Latest Forex Rates Check Here: Sbi

Note: All Rates Displayed below are directly taking from respective websites of bank. For more exact details, Please contact Concern Bank.

In the context of forex exchange rates in India, there are several terminologies used. Here are some key terms you should be familiar with:

  1. Base Currency: The base currency is the currency against which exchange rates are quoted. In India, the Indian Rupee (INR) is often the base currency for forex exchange rates.
  2. Quote Currency: The quote currency is the currency in which the exchange rate is expressed. For example, when quoting the exchange rate of INR to USD, USD would be the quote currency.
  3. Bid Price: The bid price represents the price at which a market participant is willing to buy the base currency. It is the price at which you can sell the quote currency in exchange for the base currency.
  4. Ask Price: The ask price is the price at which a market participant is willing to sell the base currency. It is the price at which you can buy the quote currency in exchange for the base currency.
  5. Spread: The spread refers to the difference between the bid and ask prices. It represents the transaction cost or the profit margin for the currency exchange service provider.
  6. Exchange Rate: The exchange rate indicates the value of one currency in relation to another. It represents the rate at which one currency can be exchanged for another.
  7. Interbank Rate: Interbank rates are the rates at which banks trade currencies with each other. They serve as benchmarks for forex exchange rates and are typically more favorable than retail rates.
  8. Spot Rate: The spot rate refers to the current exchange rate for immediate settlement or delivery of currencies. It is the prevailing rate for on-the-spot transactions.
  9. Forward Rate: A forward rate is an exchange rate agreed upon today but with a future delivery or settlement date. It allows parties to lock in an exchange rate for a future transaction, protecting against currency fluctuations.
  10. Cross Currency Pair: A cross currency pair involves two currencies other than the domestic currency (INR) in India. For example, trading USD to EUR or GBP to JPY would be considered cross currency pairs.

Understanding these terminologies will help you navigate the forex exchange market in India and make informed decisions when dealing with currency transactions.

Conclusion:

Forex exchange in India offers individuals and businesses a gateway to participate in the global currency market. With the right knowledge, understanding market dynamics, and adhering to regulatory frameworks, traders can unlock opportunities and navigate the intricacies of Forex trading. By embracing this dynamic field, participants can harness the potential for financial growth and contribute to India’s thriving economy.

Continue Reading

In April 23

SBI Bank Forex Rate 29-04-23

SBI Forex Update & Old Data- Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), Thai Baht (THB), Korean Won (KRW) and Japanese Yen (JPY).

SBI-Forex-Rate sbiforexrate.in

Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the INR.

Introduction:

A foreign exchange rate is the price of the domestic currency stated in terms of different currency. Forex exchange, also known as Forex trading or currency trading, plays a vital role in global economies. In other words, a foreign exchange rate compares one currency with another currency to show their relative values. Forex exchange refers to the buying and selling of currencies on the foreign exchange market. Since standardized currencies around the world float in value with supply, demand and consumer confidence, its values change relatively to each over time. For example, one US dollar in 2020 was worth about 0.68 Euros. In 2023, one US dollar is worth 0.75 Euros. This means the dollar has increased its value over three-year span, but the Euro is still 25% more valuable.

The forex market is the biggest, highly liquid market in the world, with trillions of dollars changing every day. There is no centralized location, rather ‘the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks). Participants in the Forex market include individuals, financial institutions, corporations, and governments.

Forex Trading in India:

Regulatory Framework Forex trading in India is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The RBI oversees currency exchange and sets guidelines to maintain stability. SEBI regulates Forex trading through authorized brokers and facilitates investor protection.

Currency Pairs in India:

The Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY). Currency pairs involving the INR offer diverse trading opportunities for market participants.

Comprehensive understanding of market Dynamics:

Understanding Market Dynamics Successful Forex trading requires a comprehensive understanding of market dynamics, including factors influencing currency exchange rates, global economic indicators, geopolitical events, and central bank policies. Continuous learning and staying informed are crucial for making informed trading decisions.

Legal and Tax Implications Complying with legal and tax requirements is vital in Forex trading. Traders must adhere to regulatory guidelines, report their earnings accurately, and fulfill tax obligations as per Indian laws. Seeking professional advice can ensure compliance and mitigate potential legal and financial risks.

Explanation of Terms:

T.T. Buying:

Rate at which a Foreign Inward Remittance received by Telegraphic Transfer, Foreign DD or Foreign Cheque is converted into Rupees. In respect of Foreign DDs & Cheques, interest/charges at the ruling rate will be deducted towards transit period/collection as per FEDAI guidelines.

T.C. Buying:

Rate at which Foreign Currency Traveller’s Cheques are bought from the customer. Currency Buying – Rate at which Foreign Currency Note is bought from the customer.

T.T. Selling:

Rate applicable when a customer sends an outward remittance through Telegraphic Transfer or through Issuance of Demand Draft.

T.C. Selling:

Rate applicable when a customer buys Foreign Currency Traveller’s Cheques from the Bank. The same will be arranged through TC issuers.

Currency Selling:

Rate applicable when a customer buys Foreign Currency notes from the Bank. This is however, subject to availability of currency notes at the Branch concerned.

State Bank Of India

Latest Forex Rates In India

  • Banks use the mid-market rate, also known as the interbank rate, when exchanging currencies between themselves.
  • They add hidden fees to the rate they give their customers. This is why you’ll see different exchange rates across providers-you’re paying the difference between the mid-market rate and the rate quoted by your bank.
  • Customers lose money to these hidden fees when they make a transfer – often without even realising.

Latest Forex Rates Check Here: Sbi

CURRENCYTT BUYTT SELLBILL BUYBILL SELLTC BUYTC SELLCN BUYCN SELLPC BUY
UNITED STATES DOLLARUSD/INR8182.580.9382.6780.282.9579.883.180.87
EUROEUR/INR88.6491.688.5891.7987.892.0587.3592.388.51
GREAT BRITAIN POUNDGBP/INR101.2104.39101.12104.6100.3104.999.75105.2101.05
JAPANESE YENJPY/INR59.0960.8859.056158.561.256.2563.259
SWISS FRANCCHF/INR89.7993.0989.7293.2888.9593.5585.596.689.66
AUSTRALIAN DOLLARAUD/INR53.1755.4153.1355.5353.255.751.1557.553.09
NEW ZEALAND DOLLARNZD/INR49.6951.9149.6552.010047.353.8549.62
CANADIAN DOLLARCAD/INR59.1861.0159.1461.1458.661.356.3563.359.09
SINGAPORE DOLLARSGD/INR60.3362.1960.2862.310057.4564.5560.24
HONG KONG DOLLARHKD/INR10.2510.5810.2410.6009.751110.22
DANISH KRONERDKK/INR11.912.2711.8912.30011.312.7511.88
NORWEGIAN KRONERNOK/INR7.587.87.577.82007.28.17.55
SWEDISH KRONASEK/INR7.848.097.838.11007.458.47.81
BAHRAINI DINARBHD/INR210.6223.35210.4223.8100204.5227.2210.24
KUWAITI DINARKWD/INR259274.77258.83275.3400251.6279.5258.63
UAE DIRHAMAED/INR21.6222.9321.622.98002123.3521.59
SAUDI ARABIAN RIYALSAR/INR21.1722.4521.1522.50020.5522.8521.14
SOUTH AFRICAN RANDZAR/INR4.344.614.334.62004.24.74.32
CHINESE YUANCNY/INR0011.6612.0100000
OMANI RIYALOMR/INR206.1218.87205.92219.3200200.1222.60
QATARI RIALQAR/INR21.7423.1321.7323.180021.123.5521.71
MALAYSIAN RINGGITMYR/INR00000017.119.350
THAI BAHTTHB/INR000000225.6251.30
PAKISTANI RUPEEPKR/INR0000000.240.290
BANGLADESHI TAKABDT/INR0000000.640.770
TURKISH LIRATRY/INR004.084.3300000
KOREAN WONKRW/INR005.936.3100000
CURRENCYTT BUYTT SELLBILL BUYBILL SELLTC BUYTC SELLCN BUYCN SELLPC BUY
UNITED STATES DOLLARUSD/INR81.3582.281.2882.3780.682.680.282.881.22
EUROEUR/INR89.0391.2588.9691.4388.291.787.7591.9588.9
GREAT BRITAIN POUNDGBP/INR101.63104101.56104.2100.65104.5100.15104.75101.48
JAPANESE YENJPY/INR59.3560.6559.360.7758.7560.9556.562.9559.26
SWISS FRANCCHF/INR90.1892.7490.1192.9289.393.285.8596.2590.04
AUSTRALIAN DOLLARAUD/INR53.455.253.3655.3153.455.551.3557.353.32
NEW ZEALAND DOLLARNZD/INR49.951.7149.8751.810047.553.6549.83
CANADIAN DOLLARCAD/INR59.4460.7859.3960.958.8561.156.663.159.35
SINGAPORE DOLLARSGD/INR60.5961.9560.5462.070057.764.2560.5
HONG KONG DOLLARHKD/INR10.310.5410.2810.56009.810.9510.27
DANISH KRONERDKK/INR11.9512.2211.9412.250011.3512.711.93
NORWEGIAN KRONERNOK/INR7.617.777.67.79007.28.057.58
SWEDISH KRONASEK/INR7.888.067.878.08007.58.357.85
BAHRAINI DINARBHD/INR211.47222.51211.31222.9500205.5226.2211.15
KUWAITI DINARKWD/INR260.14273.74259.95274.2700252.8278.3259.75
UAE DIRHAMAED/INR21.7122.8521.722.890021.123.2521.68
SAUDI ARABIAN RIYALSAR/INR21.2622.3721.2522.410020.6522.7521.23
SOUTH AFRICAN RANDZAR/INR4.364.594.354.6004.24.74.34
CHINESE YUANCNY/INR0011.7211.9600000
OMANI RIYALOMR/INR206.96218.05206.81218.4700201.1221.70
QATARI RIALQAR/INR21.8423.0521.8223.090021.223.4521.81
MALAYSIAN RINGGITMYR/INR00000017.1519.30
THAI BAHTTHB/INR000000226.55250.40
PAKISTANI RUPEEPKR/INR0000000.240.290
BANGLADESHI TAKABDT/INR0000000.650.770
TURKISH LIRATRY/INR004.14.3100000
KOREAN WONKRW/INR005.956.2800000

Note: All Rates Displayed below are directly taking from respective websites of bank. For more exact details, Please contact Concern Bank.

In the context of forex exchange rates in India, there are several terminologies used. Here are some key terms you should be familiar with:

  1. Base Currency: The base currency is the currency against which exchange rates are quoted. In India, the Indian Rupee (INR) is often the base currency for forex exchange rates.
  2. Quote Currency: The quote currency is the currency in which the exchange rate is expressed. For example, when quoting the exchange rate of INR to USD, USD would be the quote currency.
  3. Bid Price: The bid price represents the price at which a market participant is willing to buy the base currency. It is the price at which you can sell the quote currency in exchange for the base currency.
  4. Ask Price: The ask price is the price at which a market participant is willing to sell the base currency. It is the price at which you can buy the quote currency in exchange for the base currency.
  5. Spread: The spread refers to the difference between the bid and ask prices. It represents the transaction cost or the profit margin for the currency exchange service provider.
  6. Exchange Rate: The exchange rate indicates the value of one currency in relation to another. It represents the rate at which one currency can be exchanged for another.
  7. Interbank Rate: Interbank rates are the rates at which banks trade currencies with each other. They serve as benchmarks for forex exchange rates and are typically more favorable than retail rates.
  8. Spot Rate: The spot rate refers to the current exchange rate for immediate settlement or delivery of currencies. It is the prevailing rate for on-the-spot transactions.
  9. Forward Rate: A forward rate is an exchange rate agreed upon today but with a future delivery or settlement date. It allows parties to lock in an exchange rate for a future transaction, protecting against currency fluctuations.
  10. Cross Currency Pair: A cross currency pair involves two currencies other than the domestic currency (INR) in India. For example, trading USD to EUR or GBP to JPY would be considered cross currency pairs.

Understanding these terminologies will help you navigate the forex exchange market in India and make informed decisions when dealing with currency transactions.

Conclusion:

Forex exchange in India offers individuals and businesses a gateway to participate in the global currency market. With the right knowledge, understanding market dynamics, and adhering to regulatory frameworks, traders can unlock opportunities and navigate the intricacies of Forex trading. By embracing this dynamic field, participants can harness the potential for financial growth and contribute to India’s thriving economy.

Continue Reading

In April 23

SBI Bank Forex Rate 26-04-23

SBI Forex Update & Old Data- Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), Thai Baht (THB), Korean Won (KRW) and Japanese Yen (JPY).

SBI-Forex-Rate sbiforexrate.in

Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the INR.

Introduction:

A foreign exchange rate is the price of the domestic currency stated in terms of different currency. Forex exchange, also known as Forex trading or currency trading, plays a vital role in global economies. In other words, a foreign exchange rate compares one currency with another currency to show their relative values. Forex exchange refers to the buying and selling of currencies on the foreign exchange market. Since standardized currencies around the world float in value with supply, demand and consumer confidence, its values change relatively to each over time. For example, one US dollar in 2020 was worth about 0.68 Euros. In 2023, one US dollar is worth 0.75 Euros. This means the dollar has increased its value over three-year span, but the Euro is still 25% more valuable.

The forex market is the biggest, highly liquid market in the world, with trillions of dollars changing every day. There is no centralized location, rather ‘the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks). Participants in the Forex market include individuals, financial institutions, corporations, and governments.

Forex Trading in India:

Regulatory Framework Forex trading in India is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The RBI oversees currency exchange and sets guidelines to maintain stability. SEBI regulates Forex trading through authorized brokers and facilitates investor protection.

Currency Pairs in India:

The Indian Rupee (INR) is commonly traded against major international currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY). Currency pairs involving the INR offer diverse trading opportunities for market participants.

Comprehensive understanding of market Dynamics:

Understanding Market Dynamics Successful Forex trading requires a comprehensive understanding of market dynamics, including factors influencing currency exchange rates, global economic indicators, geopolitical events, and central bank policies. Continuous learning and staying informed are crucial for making informed trading decisions.

Legal and Tax Implications Complying with legal and tax requirements is vital in Forex trading. Traders must adhere to regulatory guidelines, report their earnings accurately, and fulfill tax obligations as per Indian laws. Seeking professional advice can ensure compliance and mitigate potential legal and financial risks.

Explanation of Terms:

T.T. Buying:

Rate at which a Foreign Inward Remittance received by Telegraphic Transfer, Foreign DD or Foreign Cheque is converted into Rupees. In respect of Foreign DDs & Cheques, interest/charges at the ruling rate will be deducted towards transit period/collection as per FEDAI guidelines.

T.C. Buying:

Rate at which Foreign Currency Traveller’s Cheques are bought from the customer. Currency Buying – Rate at which Foreign Currency Note is bought from the customer.

T.T. Selling:

Rate applicable when a customer sends an outward remittance through Telegraphic Transfer or through Issuance of Demand Draft.

T.C. Selling:

Rate applicable when a customer buys Foreign Currency Traveller’s Cheques from the Bank. The same will be arranged through TC issuers.

Currency Selling:

Rate applicable when a customer buys Foreign Currency notes from the Bank. This is however, subject to availability of currency notes at the Branch concerned.

State Bank Of India

Latest Forex Rates In India

  • Banks use the mid-market rate, also known as the interbank rate, when exchanging currencies between themselves.
  • They add hidden fees to the rate they give their customers. This is why you’ll see different exchange rates across providers-you’re paying the difference between the mid-market rate and the rate quoted by your bank.
  • Customers lose money to these hidden fees when they make a transfer – often without even realising.

Latest Forex Rates Check Here: Sbi

CURRENCYTT BUYTT SELLBILL BUYBILL SELLTC BUYTC SELLCN BUYCN SELLPC BUY
UNITED STATES DOLLARUSD/INR80.9582.4580.8882.6280.282.979.883.180.82
EUROEUR/INR88.8391.7988.7791.978892.2587.5592.588.7
GREAT BRITAIN POUNDGBP/INR100.4103.58100.33103.7899.45104.198.95104.4100.26
JAPANESE YENJPY/INR60.2962.1560.2562.2759.762.4557.464.560.2
SWISS FRANCCHF/INR90.2393.5690.1793.7489.3594.0585.997.190.09
AUSTRALIAN DOLLARAUD/INR52.9355.1352.955.2452.955.450.8557.252.85
NEW ZEALAND DOLLARNZD/INR49.1751.3849.1351.480046.7553.3549.1
CANADIAN DOLLARCAD/INR59.0660.8959.016158.561.256.2563.258.97
SINGAPORE DOLLARSGD/INR60.2962.1560.2562.270057.464.560.2
HONG KONG DOLLARHKD/INR10.2510.5710.2310.59009.751110.22
DANISH KRONERDKK/INR11.9312.311.9212.320011.3512.7511.91
NORWEGIAN KRONERNOK/INR7.587.87.577.81007.28.17.55
SWEDISH KRONASEK/INR7.798.027.788.03007.48.37.76
BAHRAINI DINARBHD/INR210.5223.25210.32223.6800204.5227.1210.16
KUWAITI DINARKWD/INR259.1275258.93275.5300251.8279.7258.73
UAE DIRHAMAED/INR21.622.9221.5922.96002123.321.57
SAUDI ARABIAN RIYALSAR/INR21.1522.4321.1422.480020.5522.821.12
SOUTH AFRICAN RANDZAR/INR4.344.614.334.62004.24.74.32
CHINESE YUANCNY/INR0011.6411.9800000
OMANI RIYALOMR/INR206.1218.59205.93219.0100200.3222.40
QATARI RIALQAR/INR21.6323.1221.6223.16002123.521.6
MALAYSIAN RINGGITMYR/INR00000017.119.350
THAI BAHTTHB/INR000000225250.80
PAKISTANI RUPEEPKR/INR0000000.240.30
BANGLADESHI TAKABDT/INR0000000.640.770
TURKISH LIRATRY/INR004.084.3300000
KOREAN WONKRW/INR005.936.3100000
CURRENCYTT BUYTT SELLBILL BUYBILL SELLTC BUYTC SELLCN BUYCN SELLPC BUY
UNITED STATES DOLLARUSD/INR81.382.1581.2382.3280.582.5580.282.781.17
EUROEUR/INR89.1891.3689.1191.5488.391.887.8592.0589.05
GREAT BRITAIN POUNDGBP/INR100.76103.11100.68103.3199.8103.6599.3103.9100.61
JAPANESE YENJPY/INR60.5461.8960.562.0159.9562.257.6564.260.45
SWISS FRANCCHF/INR90.6293.290.5693.3989.7593.6586.396.790.48
AUSTRALIAN DOLLARAUD/INR53.1254.8853.0854.9953.155.1551.0556.9553.04
NEW ZEALAND DOLLARNZD/INR49.3851.1449.3551.24004753.0549.31
CANADIAN DOLLARCAD/INR59.2960.6359.2560.7558.760.9556.4562.9559.2
SINGAPORE DOLLARSGD/INR60.5561.9160.5162.030057.6564.260.46
HONG KONG DOLLARHKD/INR10.2910.5310.2810.55009.7510.9510.26
DANISH KRONERDKK/INR11.9712.2411.9612.270011.412.711.95
NORWEGIAN KRONERNOK/INR7.617.777.67.78007.28.057.58
SWEDISH KRONASEK/INR7.827.987.818007.458.257.79
BAHRAINI DINARBHD/INR211.39222.41211.23222.8400205.3226.1211.07
KUWAITI DINARKWD/INR260.23273.96260.04274.4900252.7278.5259.84
UAE DIRHAMAED/INR21.722.8321.6822.880021.0523.221.67
SAUDI ARABIAN RIYALSAR/INR21.2422.3521.2322.390020.6522.721.21
SOUTH AFRICAN RANDZAR/INR4.364.594.354.59004.24.74.34
CHINESE YUANCNY/INR0011.6911.9400000
OMANI RIYALOMR/INR206.98217.76206.82218.1900201221.40
QATARI RIALQAR/INR21.7323.0321.7123.080021.123.421.7
MALAYSIAN RINGGITMYR/INR00000017.1519.30
THAI BAHTTHB/INR000000225.95249.650
PAKISTANI RUPEEPKR/INR0000000.240.290
BANGLADESHI TAKABDT/INR0000000.650.770
TURKISH LIRATRY/INR004.14.3200000
KOREAN WONKRW/INR005.966.2900000

Note: All Rates Displayed below are directly taking from respective websites of bank. For more exact details, Please contact Concern Bank.

In the context of forex exchange rates in India, there are several terminologies used. Here are some key terms you should be familiar with:

  1. Base Currency: The base currency is the currency against which exchange rates are quoted. In India, the Indian Rupee (INR) is often the base currency for forex exchange rates.
  2. Quote Currency: The quote currency is the currency in which the exchange rate is expressed. For example, when quoting the exchange rate of INR to USD, USD would be the quote currency.
  3. Bid Price: The bid price represents the price at which a market participant is willing to buy the base currency. It is the price at which you can sell the quote currency in exchange for the base currency.
  4. Ask Price: The ask price is the price at which a market participant is willing to sell the base currency. It is the price at which you can buy the quote currency in exchange for the base currency.
  5. Spread: The spread refers to the difference between the bid and ask prices. It represents the transaction cost or the profit margin for the currency exchange service provider.
  6. Exchange Rate: The exchange rate indicates the value of one currency in relation to another. It represents the rate at which one currency can be exchanged for another.
  7. Interbank Rate: Interbank rates are the rates at which banks trade currencies with each other. They serve as benchmarks for forex exchange rates and are typically more favorable than retail rates.
  8. Spot Rate: The spot rate refers to the current exchange rate for immediate settlement or delivery of currencies. It is the prevailing rate for on-the-spot transactions.
  9. Forward Rate: A forward rate is an exchange rate agreed upon today but with a future delivery or settlement date. It allows parties to lock in an exchange rate for a future transaction, protecting against currency fluctuations.
  10. Cross Currency Pair: A cross currency pair involves two currencies other than the domestic currency (INR) in India. For example, trading USD to EUR or GBP to JPY would be considered cross currency pairs.

Understanding these terminologies will help you navigate the forex exchange market in India and make informed decisions when dealing with currency transactions.

Conclusion:

Forex exchange in India offers individuals and businesses a gateway to participate in the global currency market. With the right knowledge, understanding market dynamics, and adhering to regulatory frameworks, traders can unlock opportunities and navigate the intricacies of Forex trading. By embracing this dynamic field, participants can harness the potential for financial growth and contribute to India’s thriving economy.

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