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.

Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

19 Indian Rupee to Saudi Arabian Riyal exchange rates chart

19 INR to SAR exchange rates graph
19 INR to SAR 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 SAR exchange rates table

Exchange INR to SAR
19 Indian Rupee = 0.988 Saudi Arabian Riyal
38 Indian Rupee = 1.976 Saudi Arabian Riyal
95 Indian Rupee = 4.939 Saudi Arabian Riyal
190 Indian Rupee = 9.878 Saudi Arabian Riyal
Exchange Indian Rupee to Saudi Arabian Riyal
19 Indian Rupee to Saudi Arabian Riyal 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/SAR rate at Weizmann Forex in New Delhi

19 INR to SAR exchange rates at Weizmann Forex in New Delhi
19 Indian Rupee = 0.978 Saudi Arabian Riyal
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/SAR rate at RRSB Forex in New Delhi

19 INR to SAR exchange rates at RRSB Forex in New Delhi
19 Indian Rupee = 0.336 Saudi Arabian Riyal
RRSB Forex
RRSB Forex

RRSB Forex was the beginning of a legacy. Much before India got its independence, in a period where business was carried out in the British currency in the then English colony, India, there emerged an enterprising family that forever changed the way Indian entrepreneurs carried out their businesses. Introducing the concept of money changing in 1912, the Sen family established R.R. Sen & Brothers (Pvt) Ltd., the very first foreign exchange dealership in India, which is today famous as RRSB...

Best INR/SAR rate at SF Forex in Chennai

19 INR to SAR exchange rates at SF Forex in Chennai
19 Indian Rupee = 1.105 Saudi Arabian Riyal
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 SAR exchange rates news

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
The worst may be over for the Indian rupee—for now

However, currency volatility is likely to remain.

indicative neutral
India rupee latest: INR continues to appreciate against US dollar on lower oil prices

INDIA has continued to be boosted by lower oil prices as the rupee remained in a stabilised position against the US dollar.

indicative positive
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
Spotify launches in the Middle East and North Africa

DUBAI: Spotify, the world’s most popular paid music streaming service, officially launched in the Middle East and North Africa on Tuesday. The company said services would now be available in 13 Arab markets, including Saudi Arabia, the United Arab Emirates, Egypt, and Morocco but not Libya, Iraq, Syria, or Yemen. Spotify has been unofficially available in the Middle East for

conditional positive
Saudi Arabia agrees to withdraw additional Umrah tax on Pakistanis

Saudi Crown Prince agreed to abolish SAR2,000 additional fee after PM Imran’s request

conditional neutral
Saudi conference boycott over Khashoggi shows political threat to economy

By Andrew Torchia and Hadeel Al Sayegh DUBAI (Reuters) - A Western boycott of a major business conference in Riyadh next week suggests rising political

conditional positive

19 INR to SAR currency converter