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.

Swiss Franc

Swiss Franc

The franc (sign: Fr. or SFr.; German: Franken, French and Romansh: franc, Italian: franco; code: CHF) is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. The smaller denomination, a hundredth of a franc, is a Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh. The ISO code of the currency used by banks and financial institutions is CHF, although Fr. is also widely used by businesses and advertisers; some use SFr. for Swiss Franc and to a lesser extent Fr.sv. The Latinate "CH" stands for Confoederatio Helvetica. Given the different languages used in Switzerland, Latin is used for language-neutral inscriptions on its coins.

70 Indian Rupee to Swiss Franc exchange rates chart

70 INR to CHF exchange rates graph
70 INR to CHF 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.

70 INR to CHF exchange rates table

Exchange INR to CHF
70 Indian Rupee = 0.988 Swiss Franc
140 Indian Rupee = 1.977 Swiss Franc
350 Indian Rupee = 4.942 Swiss Franc
700 Indian Rupee = 9.884 Swiss Franc
Exchange Indian Rupee to Swiss Franc
70 Indian Rupee to Swiss Franc 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/CHF rate at Weizmann Forex in New Delhi

70 INR to CHF exchange rates at Weizmann Forex in New Delhi
70 Indian Rupee = 0.970 Swiss Franc
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/CHF rate at RRSB Forex in New Delhi

70 INR to CHF exchange rates at RRSB Forex in New Delhi
70 Indian Rupee = 29.787 Swiss Franc
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/CHF rate at SF Forex in Chennai

70 INR to CHF exchange rates at SF Forex in Chennai
70 Indian Rupee = 1.061 Swiss Franc
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...

70 INR to CHF exchange rates news

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.

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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.

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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.

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Asus won't hike prices in India, says will absorb impact of falling rupee

ASUS India Head (Mobile Business) Dinesh Sharma said despite the ongoing rupee-dollar fluctuation, the company has "decided to absorb the cost currently".

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Swiss Cryptocurrency Start-up Integrates Monero in ATMs
Swiss Cryptocurrency Start-up Integrates Monero in ATMs

Switzerland-based cryptocurrency start-up, Bity, has announced the integration of anonymous cryptocurrency monero (XMR) in its ATMs all around Switzerland.

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Bibox: Three Main Topics Telling You the Opportunities in Digital Assets
Bibox: Three Main Topics Telling You the Opportunities in Digital Assets

On 29th November Bibox, the world top 10 digital asset trading platform, held its 2019 Digital Assets New Opportunity Summit in Singapore.

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70 INR to CHF currency converter