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 = 0.859 South African Rand
Exchange INR at Bidvest Bank to ZAR in Johannesburg
5 Indian Rupee = 0.859 South African Rand
10 Indian Rupee = 1.719 South African Rand
25 Indian Rupee = 4.297 South African Rand
50 Indian Rupee = 8.594 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

Rupee tumbles 53 paise to 70.21 against USD on crude woes

At the Interbank Foreign Exchange (forex) Tuesday, the rupee opened on a sluggish note at 69.83.

11 days indicative negative
Sensex ends 106 points lower over declining banking stocks

Sensex ends 106 points lower over declining banking stocks

12 days indicative negative
Decoupling From Global Pessimism

Frank-Jürgen Richter - The Indian economy has the potential to remain decoupled from the global economic pessimism, but for that to happen, bold and sustained policy moves are required. It will be interesting to see if this government can buck the trend, , indian economy, Global Pessimism

18 days indicative positive
Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive

Johannesburg news

Dean Elgar named stand-in captain for Johannesburg Test

The selectors have also added the uncapped Cape Cobras opening batsman Pieter Malan on standby for Aiden Markram, who sustained a right thigh injury during the second Test

1 day conditional neutral
Pitch Black Afro's murdered wife to be buried in Soweto

Thulani Ngcobo, also known as Pitch Black Afro, appeared on Thursday in the Johannesburg Magistrates Court on charges of premeditated murder and defeating the ends of justice.

8 days conditional negative
Zambian president swears in new army chief

JOHANNESBURG (Reuters) - Zambian President...

22 days indicative neutral
AMD, ZamaZamas and the imminent collapse of Johannesburg
AMD, ZamaZamas and the imminent collapse of Johannesburg

Years ago the mainstream media made a meal of how acid mine drainage was going to be the undoing of the Johannesburg CBD - the new fear is now ZamaZamas.

about 2 months subjunctive negative
Digging to disaster: how illegal mining is putting Johannesburg at risk
Digging to disaster: how illegal mining is putting Johannesburg at risk

Experts have sounded the alarm that illegal miners are blasting to within metres of highly flammable gas and fuel lines under Johannesburg.

about 2 months conditional 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".

2 months indicative neutral
The ten best breakfast places in Johannesburg
The ten best breakfast places in Johannesburg

A selection of the best Jozi has to offer.

2 months indicative positive
Johannesburg weather: Severe thunderstorms and hail expected
Johannesburg weather: Severe thunderstorms and hail expected

Downpours, damaging winds and the possibility of localised flooding reported over large parts of Gauteng, according to Johannesburg weather forecast.

3 months indicative positive

5 INR to ZAR currency converter in Johannesburg