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.

Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

55 Indian Rupee to Canadian Dollar exchange rates chart

55 INR to CAD exchange rates graph
55 INR to CAD 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.

55 INR to CAD exchange rates table

Exchange INR to CAD
55 Indian Rupee = 1.010 Canadian Dollar
110 Indian Rupee = 2.019 Canadian Dollar
275 Indian Rupee = 5.048 Canadian Dollar
550 Indian Rupee = 10.095 Canadian Dollar
Exchange Indian Rupee to Canadian Dollar
55 Indian Rupee to Canadian Dollar 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/CAD rate at Ultimate Currency Exchange in Toronto

55 INR to CAD exchange rates at Ultimate Currency Exchange in Toronto
55 Indian Rupee = 0.924 Canadian Dollar
Ultimate Currency Exchange
Ultimate Currency Exchange

Ultimate Currency Exchange is a Canadian registered company that provides foreign exchange services with three branches; two in Ottawa and one in Toronto and also accepts online orders to ship foreign currency to any part of Canada. UCE buys and sells more than ninety foreign currencies with no commission fees. UCE's exchange rates are always better than Canadian banks and compete with the other exchange bureaus. Ultimate Currency Exchange is a "Money Service Business" registered with FINTRAC...

Best INR/CAD rate at Taheri Exchange in Toronto

55 INR to CAD exchange rates at Taheri Exchange in Toronto
55 Indian Rupee = 0.917 Canadian Dollar
Taheri Exchange
Taheri Exchange

Taheri Exchange is a full service foreign currency exchange company located in Toronto, Canada. When the company was founded, our aspiration was to provide a higher grade of foreign exchange services. Our driving principles have been method the embodiment of integrity, attentiveness and diligence. While the company has grown, our corporate culture continues to embrace the same approach, and the same tone of caring is reflected throughout the organization. We provide services to corporations...

Best INR/CAD rate at T Currency Exchange in Toronto

55 INR to CAD exchange rates at T Currency Exchange in Toronto
55 Indian Rupee = 0.937 Canadian Dollar
T Currency Exchange
T Currency Exchange

A Canadian currency exchange owned, operated and serving Toronto for more than 25 years with reliable currency exchange service. TCE was primarily founded to provide a higher grade of foreign currency exchange services and focused on money transfers globally. After a couple of years of successful and greatly appreciated operations we diversified into provision of various yet relevant services. Now we have a portfolio of services which are provided reliably according to the laws and...

Best INR/CAD rate at RRSB Forex in New Delhi

55 INR to CAD exchange rates at RRSB Forex in New Delhi
55 Indian Rupee = 0.936 Canadian Dollar
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/CAD rate at Weizmann Forex in New Delhi

55 INR to CAD exchange rates at Weizmann Forex in New Delhi
55 Indian Rupee = 1.000 Canadian Dollar
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/CAD rate at SF Forex in Chennai

55 INR to CAD exchange rates at SF Forex in Chennai
55 Indian Rupee = 1.066 Canadian Dollar
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...

55 INR to CAD 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
Canadian dollar extends rebound from four-month low as oil prices rise

The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Wednesday, extending its recovery from a nearly four-month low the day before as oil prices rebounded.

indicative negative
C$ steadies after hitting 4-month low on oil price slump

updates prices); Canadian dollar near flat against the greenback; Loonie touches its weakest since July 20 at 1.3264; Price of U.S. oil slumps 7.1.

indicative neutral

55 INR to CAD currency converter