Indian Rupee

Indian Rupee

The Indian rupee (sign: ₹; code: INR) is the official currency of the Republic of India. The rupee is subdivided into 100 paise (singular paisa), though as of 2018, coins of denomination of 50 paise or half rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire. In 2010, a new rupee symbol '₹', was officially adopted. It was derived from the combination of the Devanagari consonant "र" (ra) and the Latin capital letter "R" without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolour Indian flag, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity. The first series of coins with the new rupee symbol started in circulation on 8 July 2011. On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes with effect from midnight of the same day, making these notes invalid. A newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016. The new redesigned series is also expected to be enlarged with banknotes in the denominations of ₹1000, ₹100 and ₹50 in the coming months.On 25 August 2017, a new denomination of ₹200 banknote was added to Indian currency to fill the gap of notes due to high demand for this note after demonetisation.In July 2018, the Reserve Bank Of India released the ₹100 banknote.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

Johannesburg overview

Johannesburg (/dʒoʊˈhænɪsbɜːrɡ/; Afrikaans: [jʊəˈɦanəsbœrχ]; also known as Jozi, Joburg, and eGoli)[1] is the largest city in South Africa and one of the 50 largest urban areas in the world.[9] It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa.[10] While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.[citation needed]

The metropolis is an alpha global city as listed by the Globalization and World Cities Research Network. In 2011, the population of the city of Johannesburg was 4,434,827, making it the most populous city in South Africa.[11] In the same year, the population of Johannesburg's urban agglomeration was put at 7,860,781.[5] The land area of the municipal city (1,645 km2 (635 sq mi)) is large in comparison with those of other major cities, resulting in a moderate population density of 2,364/km2 (6,120/sq mi).

The city was established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado[by whom?] due to the extremely large gold deposit found along the Witwatersrand.[12] The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population grew to 100,000 inhabitants.

A separate city from the late 1970s until 1994, Soweto is now part of Johannesburg. Originally an acronym for "South-Western Townships", Soweto originated as a collection of settlements on the outskirts of Johannesburg, populated mostly by native African workers from the gold mining industry. Soweto, although eventually incorporated into Johannesburg, had been separated as a residential area for Blacks, who were not permitted to live in Johannesburg proper. Lenasia is predominantly populated by English-speaking South Africans of Indian descent. These areas were designated as non-white areas in accordance with the segregationist policies of the South African government known as Apartheid.[citation needed]

Best 5 INR to ZAR exchange rate in Johannesburg - 5 Indian Rupee to South African Rand

Best INR/ZAR rate at Bidvest Bank in Johannesburg

5 INR to ZAR exchange rates at Bidvest Bank in Johannesburg
5 Indian Rupee = 0.873 South African Rand
Exchange INR at Bidvest Bank to ZAR in Johannesburg
5 Indian Rupee = 0.873 South African Rand
10 Indian Rupee = 1.745 South African Rand
25 Indian Rupee = 4.363 South African Rand
50 Indian Rupee = 8.726 South African Rand
Exchange Indian Rupee at Bidvest Bank to South African Rand in Johannesburg
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5 INR to ZAR exchange rates news

Closing Bell: D-Street ends rangebound day on a flat note, Nifty holds 10,550; pharma, IT crack
Closing Bell: D-Street ends rangebound day on a flat note, Nifty holds 10,550; pharma, IT crack

Asian Paints, Tata Steel, HPCL and BPCL are the top gainers, while Sun Pharma, Infosys, and Zee Entertainment lost the most.

indicative neutral
Election cycle anxiety? Sensex, Nifty end flat even as Indian rupee jumps 50 paise vs US dollar | Business News

On the other hand, official data showed that India's annual rate of inflation based on wholesale prices rose to 5.28 per cent in October from 5.13 per cent in September.

indicative negative
Rupee rises to 72 level against dollar as crude oil price nears $65 per barrel

The Indian rupee hit the 72 per dollar level for the first time since September 21 as oil prices posted the deepest plunge more than three years in the international market. Brent crude, used to price international oils, dropped 30 percent to $65.17 a bar

indicative negative
Indian rupee, bonds surge on lower oil prices, cenbank announcement

Indian rupee rises to its highest since Sept. 21; India 10-year bond yield falls to lowest since Aug. 2; Local elections, cenbank-govt rift to cap.

conditional neutral
Dollar to rand: Six major factors that determine the exchange rate
Dollar to rand: Six major factors that determine the exchange rate

With the dollar to rand exchange rate on a never-ending rollercoaster, we've decided to see what exactly makes our markets tick.

indicative positive
South African rand firms on U.S.-China trade optimism

JOHANNESBURG, Nov 13- South Africa's rand firmed against the dollar in early trade on Tuesday, in line with a rise in stocks, as hopes of a.

indicative positive
Pound to South African Rand Exchange Rate Rebounds on Brexit Hopes and UK Data
Pound to South African Rand Exchange Rate Rebounds on Brexit Hopes and UK Data

The Pound to South African Rand (GBP/ZAR) exchange rate rebounded slightly today despite higher demand for risky emerging market currencies.

conditional neutral
South African rand weakens as risk sentiment dims
South African rand weakens as risk sentiment dims

JOHANNESBURG, Nov 5- South Africa's rand traded weaker against a softer dollar early on Monday, giving up its recent gains following fears of faster.

indicative negative
South Africa's Vodacom H1 profit down 13.5 pct
South Africa's Vodacom H1 profit down 13.5 pct

Nov 12- South African mobile phone group Vodacom reported a 13.5 percent fall in half-year profit on Monday, weighed down by the issuance of new.

indicative neutral

Johannesburg news

Mining conflicts multiply, as critics of “extractivism” gather in Johannesburg

The World Social Forum's “Thematic Forum on Mining and Extractivism” convenes from 12-15 November 2018 in Johannesburg, South Africa, just after the (...)

indicative negative
A view of Johannesburg through lenses from a different era

Johannesburg Then and Now is an important book about what ought to be appreciated and "saved".

indicative neutral
Mashaba gets the thumbs down from Twitter after citizen's arrest

Some have questioned which by-laws were broken.

conditional neutral
DISCOP Johannesburg 2018: What not to miss
DISCOP Johannesburg 2018: What not to miss

Taking place from 14 to 16 November, here are some inside tips for getting the best out of the market

conditional positive
Survey finds that quality of life is improving in Gauteng
Survey finds that quality of life is improving in Gauteng

Despite challenging economic conditions, the overall quality of life (QoL) in Gauteng province continues to improve.

indicative positive
Gauteng weather: Johannesburg residents warned to use water sparingly
Gauteng weather: Johannesburg residents warned to use water sparingly

Level 1 water restrictions are now in place.

indicative positive
OR Tambo airport defends barring boy’s toy snake from flight

OR Tambo International Airport has defended stopping a five-year-old boy from boarding a flight with a stuffed toy snake as his hand luggage over the weekend in Johannesburg.

conditional negative
Three dead, four injured after weekend shooting in Joburg north

Three people died after a shooting at the Lombardy informal settlement, north of Johannesburg, at the weekend.

subjunctive negative

5 INR to ZAR currency converter in Johannesburg