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.

Turkish Lira

Turkish Lira

The Turkish lira (Turkish: Türk lirası; sign: ₺; code: TRY; usually abbreviated as TL) is the currency of Turkey and the self-declared Turkish Republic of Northern Cyprus. The Turkish lira is subdivided into 100 kuruş.

12 Indian Rupee to Turkish Lira exchange rates chart

12 INR to TRY exchange rates graph
12 INR to TRY Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

12 INR to TRY exchange rates table

Exchange INR to TRY
12 Indian Rupee = 0.923 Turkish Lira
24 Indian Rupee = 1.847 Turkish Lira
60 Indian Rupee = 4.617 Turkish Lira
120 Indian Rupee = 9.234 Turkish Lira
Exchange Indian Rupee to Turkish Lira
12 Indian Rupee to Turkish Lira Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

12 INR to TRY 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.

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

Sensex ends 106 points lower over declining banking stocks

7 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

13 days indicative positive
SOPA says India Dec soymeal export dn 24% on mo to around 200,000 tn

SOPA says India Dec soymeal export dn 24% on mo to around 200,000 tn

13 days conditional neutral
Turkey’s year-end budget deficit in 2018 at 73 billion liras: Minister - Latest News

Turkey’s budget deficit stood at 72.6 billion Turkish Liras ($14.8 billion) in 2018, meeting a year-end target under the country’s new economic program, Treasury and Finance Minister Berat Albayrak said on Jan. 15.

2 days indicative positive
Composition With Creditors - Corporate/Commercial Law - Turkey

It is no secret that the Turkish economy has been suffering from a few problems. Turkey Corporate/Commercial Law Gün + Partners 8 Jan 2019

9 days conditional neutral

12 INR to TRY currency converter