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.

Emirati Dirham

Emirati Dirham

The United Arab Emirates dirham (Arabic: درهم‎, sign: د.إ; code: AED), also known as simply the Emirati dirham, is the currency of the United Arab Emirates. The term dirham is officially abbreviated "AED", while unofficial abbreviations include "DH" or "Dhs.". The dirham is subdivided into 100 fils (فلس).

19 Indian Rupee to Emirati Dirham exchange rates chart

19 INR to AED exchange rates graph
19 INR to AED 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.

19 INR to AED exchange rates table

Exchange INR to AED
19 Indian Rupee = 0.970 Emirati Dirham
38 Indian Rupee = 1.940 Emirati Dirham
95 Indian Rupee = 4.849 Emirati Dirham
190 Indian Rupee = 9.698 Emirati Dirham
Exchange Indian Rupee to Emirati Dirham
19 Indian Rupee to Emirati Dirham 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.

Best INR/AED rate at Weizmann Forex in New Delhi

19 INR to AED exchange rates at Weizmann Forex in New Delhi
19 Indian Rupee = 0.975 Emirati Dirham
Weizmann Forex
Weizmann Forex

The Weizmann Group comprises these key enterprises: Weizmann Forex Ltd. – Foreign Exchange, Remittance, Insurance, Tours, Travel. Weizmann Ltd. – Textile Processing and Exports. For more information please visit www.weizmann.co.in Weizmann International Ltd. – Textile Exports. For more information please visit www.weizmann.co.in Karma Energy Ltd. – Development of Renewable Energy Projects, mainly Wind and Small Hydro. For more information please visit www.karmaenergy.co Greenweiz...

Best INR/AED rate at RAKBANK in Dubai

19 INR to AED exchange rates at RAKBANK in Dubai
19 Indian Rupee = 0.963 Emirati Dirham
RAKBANK
RAKBANK

RAKBANK is a retail and business bank in the UAE with assets of AED 34.5 billion at the close of the first half of 2014.[1] The Bank provides conventional and Islamic retail, small business, and commercial banking services through a network of thirty nine branches and 293 ATMs in the UAE as well as its Telephone, Online and Mobile Banking channels. According to The Banker's Top 1000 Arab Bank Rankings in 2014 (published by FT Financial Publishing), RAKBANK is the 1st in the UAE by Return On...

Best INR/AED rate at SF Forex in Chennai

19 INR to AED exchange rates at SF Forex in Chennai
19 Indian Rupee = 1.073 Emirati Dirham
SF Forex
SF Forex

Profile The business of Sugal Finance Ltd., has its genesis in a Sole Proprietorship from by the name "Sugal Finance", established in the year 1989. On 19.02.1990. the Company was incorporated in the name of Sugal Finance Credit and Investment Private Ltd., on 17.03.1993, the name of the Company was changed to Sugal Finance Private Ltd., on 11.05.1993, the Company was converted from Private Limited to a Public Limited Company, and on 07.10.2003 the Company was converted from Public Limited to...

19 INR to AED exchange rates news

Indian rupee climbs to hit 3-month high

Rising for the fourth straight day, the rupee climbed to a three month high of 69.64 against the US dollar in early trade Friday. Forex traders said, increased selling of the American…

indicative neutral
In a rebuff to U.S., India, Iran agree on rupee payment mechanism for oil trade

TEHRAN - In a significant development that is likely to boost trade ties between India and Iran, the two regional allies have reached an agreement to switch to rupee payment mechanism to pay for Iranian crude imports.

indicative negative
Rupee seen weakening to 75 against dollar by December 2019 | mydigitalfc

Fitch Ratings on Thursday projected rupee to fall to 75 to a dollar by end of 2019, on widening of current account deficit and tighter global financing. The Indian rupee is currently trading at a two-week low level, hovering around 71 to a US dollar. In its global economic outlook, Fitch said it expects inflation to edge up mildly in the coming months, on normalising food prices and higher import prices stemming from the depreciation of the rupee.

conditional negative
Indian rupee falls 26 paise to 70.75 per US dollar in early trade

The rupee depreciated by 26 paise to 70.75 against the US dollar in early trade Wednesday at the interbank foreign exchange, amid strengthening of the US dollar and foreign fund outflows.

conditional negative
History of the UAE through its currencies and coins

Numismatist Ram Kumar explains the country’s interesting past and evolvement of dirham and fil

subjunctive positive
UAE announces $536 million increase on this year’s budget

UAEnbsp;President Sheikh Khalifa bin Zayed Al Nahyan announced on Sunday a 1.97 billion dirham ($536 million) budget increase for the current fiscal

conditional neutral
ArabianChain goes live with its new bitcoin exchange Palmex
ArabianChain goes live with its new bitcoin exchange Palmex

Based in the UAE and with operations in Saudi Arabia and Kuwait, ArabianChain, the blockchain technology company has finally gone live with its bitcoin

conditional positive
Three 'influencers' arrested in UAE for performing Kiki challenge

"We disapprove of young people adopting such foreign trends."

conditional neutral
News analysis: Rupee troubles a concern for inbound tourism from India to the UAE?

Is the falling Indian rupee a concern for inbound tourism from India to the UAE? Hotelier Middle East investigates

conditional neutral

19 INR to AED currency converter