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).

72 Indian Rupee to US Dollar exchange rates chart

72 INR to USD exchange rates graph
72 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.

72 INR to USD exchange rates table

Exchange INR to USD
72 Indian Rupee = 0.998 US Dollar
144 Indian Rupee = 1.996 US Dollar
360 Indian Rupee = 4.991 US Dollar
720 Indian Rupee = 9.982 US Dollar
Exchange Indian Rupee to US Dollar
72 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

72 INR to USD exchange rates at Weizmann Forex in New Delhi
72 Indian Rupee = 0.997 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 SF Forex in Chennai

72 INR to USD exchange rates at SF Forex in Chennai
72 Indian Rupee = 1.108 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 Kalakshetra Forex in Chennai

72 INR to USD exchange rates at Kalakshetra Forex in Chennai
72 Indian Rupee = 0.999 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 LA Currency in Los Angeles

72 INR to USD exchange rates at LA Currency in Los Angeles
72 Indian Rupee = 0.918 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...

72 INR to USD exchange rates news

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
Election cycle anxiety? Sensex, Nifty end flat even as Indian rupee jumps 50 paise vs US dollar | Business News

On the other hand, official data showed that India's annual rate of inflation based on wholesale prices rose to 5.28 per cent in October from 5.13 per cent in September.

indicative negative
Rupee rises to 72 level against dollar as crude oil price nears $65 per barrel

The Indian rupee hit the 72 per dollar level for the first time since September 21 as oil prices posted the deepest plunge more than three years in the international market. Brent crude, used to price international oils, dropped 30 percent to $65.17 a bar

indicative negative
Indian rupee, bonds surge on lower oil prices, cenbank announcement

Indian rupee rises to its highest since Sept. 21; India 10-year bond yield falls to lowest since Aug. 2; Local elections, cenbank-govt rift to cap.

conditional neutral
US Dollar Losses Hit Pause after October CPI; Focus Remains on Brexit

The DXY Index is off the lows, and rates markets are continuing to price in December for another rate hike from the Fed.

indicative positive
Pound-to-US-Dollar Exchange Rate: GBP/USD Starts The Week On Soft Footing As Brexit Anxiety Mounts

Brexit speculation failed to prevent the GBP/USD exchange rate sinking at the start of the week

conditional neutral
Pound US dollar exchange rate: GBP retreats as Brexit text faces Cabinet scrutiny

THE pound US dollar exchange rate has fallen as much as 0.5 per cent this morning, slumping from a high of $1.302 to the current rate of $1.295 as Brexit jitters weigh on sentiment.

conditional positive

72 INR to USD currency converter