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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

70 Indian Rupee to US Dollar exchange rates chart

70 INR to USD exchange rates graph
70 INR to USD 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 USD exchange rates table

Exchange INR to USD
70 Indian Rupee = 0.991 US Dollar
140 Indian Rupee = 1.982 US Dollar
350 Indian Rupee = 4.954 US Dollar
700 Indian Rupee = 9.908 US Dollar
Exchange Indian Rupee to US Dollar
70 Indian Rupee to US 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/USD rate at Weizmann Forex in New Delhi

70 INR to USD exchange rates at Weizmann Forex in New Delhi
70 Indian Rupee = 0.981 US 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/USD rate at Kalakshetra Forex in Chennai

70 INR to USD exchange rates at Kalakshetra Forex in Chennai
70 Indian Rupee = 0.983 US Dollar
Kalakshetra Forex
Kalakshetra Forex

We are having six year experience in Foreign Exchange Field. We are one and only Foreign Exchange in ECR Chennai. We are giving first Preference to Senior Citizen. We can give quick service to our customer because we are near to Adyar, Besant Nagar, OMR and ECR and we are having parking facilities. We value each and every customers satisfaction and make their experience with us memorable one. Our team consists of qualified financial experts and forex analysts who are committed to deliver...

Best INR/USD rate at SF Forex in Chennai

70 INR to USD exchange rates at SF Forex in Chennai
70 Indian Rupee = 1.077 US 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...

Best INR/USD rate at LA Currency in Los Angeles

70 INR to USD exchange rates at LA Currency in Los Angeles
70 Indian Rupee = 0.903 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not have any fees and our adjusted, real-time exchange rates can be found on our website. You can always find out how much you will get for your currency or how much you will need to buy currency. Make sure to refresh the browser to get updated rates. Yes, we have free parking at both our locations that are in a shopping plaza with a convenient parking lot and a security personnel. Cash to cash is our preferred payment method. However, only debit cards...

70 INR to USD 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.

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
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".

conditional positive
EU seeks to reduce dependence on US dollar

The EU is looking for ways to reduce its reliance on the US dollar for the performance of its own currency, the euro. The US has worried the EU with its stance on Iran, and the allies have made it clear that they disagree on foreign policy decisions.

conditional neutral
US Dollar Slides As ADP Private Sector Job Growth Slows

CANBERA (Alliance News) - The US dollar weakened against its major counterparts in the European ...

conditional positive
Rupiah weakens to Rp 14,507 per US dollar on Thursday

The rupiah exchange rate weakened to Rp 14,507 per United States dollar on Thursday, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), marking a 0.86 percent drop from the rate on Wednesday at Rp 14,383 per US dollar.

subjunctive neutral
U.S. dollar closes higher on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Dec. 6 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.051 to close at NT$30.857.

indicative positive

70 INR to USD currency converter