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.

Israeli Shekel

Israeli Shekel

The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ‎ Sheqel H̱adash; Arabic: شيكل جديد‎ šēkal jadīd; sign: ₪; code: ILS), also known as simply the Israeli shekel and formerly known as the New Israeli Sheqel (NIS), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agora. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel ⟨ ₪ ⟩ is a combination of the first Hebrew letters of the words shekel (ש) and ẖadash (ח) (new). Alongside the shekel sign, the following abbreviations of NIS, ש"ח‎ and ش.ج‎ are also used commonly to denominate prices.

19 Indian Rupee to Israeli Shekel exchange rates chart

19 INR to ILS exchange rates graph
19 INR to ILS 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 ILS exchange rates table

Exchange INR to ILS
19 Indian Rupee = 0.972 Israeli Shekel
38 Indian Rupee = 1.944 Israeli Shekel
95 Indian Rupee = 4.859 Israeli Shekel
190 Indian Rupee = 9.718 Israeli Shekel
Exchange Indian Rupee to Israeli Shekel
19 Indian Rupee to Israeli Shekel 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.

19 INR to ILS exchange rates news

Rupee gains to be limited despite lower crude prices

Rupee gains to be limited despite lower crude prices - Since February 2018, dollar Rupee moved up on account of various factors most of which now are fully priced in or have marginally tilted in Rupee's favour.

conditional negative
Indian markets close higher on continued foreign fund inflows, strengthening rupee

The biggest gainer on both indices was Bharti Airtel.

indicative positive
Pound Sterling to Indian Rupee Exchange Rate Outlook Clouded Near 2-Month-Lows amid UK Political Turmoil
Pound Sterling to Indian Rupee Exchange Rate Outlook Clouded Near 2-Month-Lows amid UK Political Turmoil

Friday's Pound to Indian Rupee (GBP/INR) exchange rate recovery was modest compared to Thursday's plummet, and investors awaited further UK political news.

conditional neutral
How sharp crude oil price fall actually hurt Indian economy, JP Morgan’s Sajjid Chinoy explains

Sajjid Chinoy said it is misleading to say that Indian rupee is Asia's worst performing currency. People generally look at the dollar-rupee rate, but it's the trade-weighted exchange rate -- the real exchange rate -- that matters for the economy.

indicative negative
Rupee extends gain, trades at 71.89 per dollar
Rupee extends gain, trades at 71.89 per dollar

USD-INR pair is expected to quote in the range of 72.20 and 72.80, says Motilal Oswal.

subjunctive negative
Business in brief: Cabinet approves Amir Yaron as next Bank of Israel chief

Brookland Upreal tells bondholders it may not be able to repay debt in 2019 ■ Fallen tycoon Joseph Greenfeld reaches debt agreement ■ Mortgage lending profits at Israeli banks soared in first nine months

conditional neutral
Apple, trade woes sink stocks; growth worries drag on dollar

World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S

conditional neutral
After the victory celebration, the weighty problems facing Jerusalem's new mayor

Moshe Leon has a chance of being a good mayor, but he'll have to make sure he gives everyone — Hasidim and Palestinians and leftists alike — the feeling that they have a place in the city, too

indicative neutral
Israel PM Netanyahu battles to save weakened ruling coalition

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu was battling to keep his government afloat on Friday after Defense Minister Avigdor Lieberman quit over a ceasefire deal for Gaza. Left with a single seat majority in parliament after the walkout by Lieberman and his hawkish Yisrael Beitenu party, most media saw little way for Netanyahu to avoid calling a snap general

conditional negative

19 INR to ILS currency converter