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.

Moroccan Dirham

Moroccan Dirham

The dirham (Arabic: درهم‎ dirham, Berber languages: ⴰⴷⵔⵉⵎ adrim, French: dirham, Spanish: dírha) is the currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. It is subdivided into 100 cents (Arabic: سنتيمات, singular: سنتيم).

7 Indian Rupee to Moroccan Dirham exchange rates chart

7 INR to MAD exchange rates graph
7 INR to MAD 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.

7 INR to MAD exchange rates table

Exchange INR to MAD
7 Indian Rupee = 0.942 Moroccan Dirham
14 Indian Rupee = 1.884 Moroccan Dirham
35 Indian Rupee = 4.711 Moroccan Dirham
70 Indian Rupee = 9.422 Moroccan Dirham
Exchange Indian Rupee to Moroccan Dirham
7 Indian Rupee to Moroccan Dirham 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/MAD rate at Mohammed V International Airport in Casablanca

7 INR to MAD exchange rates at Mohammed V International Airport in Casablanca
7 Indian Rupee = 0.931 Moroccan Dirham
Mohammed V International Airport
Mohammed V International Airport

Mohammed V International Airport (French: Aéroport international Mohammed V; Arabic: مطار محمد الخامس الدولي, Matar Muhammad al-Khamis ad-Dowaly, IATA: CMN, ICAO: GMMN) is an international airport serving Casablanca, Morocco. Located in Nouaceur Province, it is operated by ONDA (National Airports Office). With just under 8 million passengers passing through the airport in 2014, it was the busiest airport in Morocco and the fourth busiest in Africa.[5][6][7][8][9] In August 2014, ONDA reported...

7 INR to MAD exchange rates news

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
How the Indian rupee turned around to become Asia’s second best performing currency

The rupee appreciated 5% in November as crude oil softened.

indicative neutral
Moroccan transit app Weego wins Seedstars Casablanca –
Moroccan transit app Weego wins Seedstars Casablanca –

Weego, a collaborative transit app which enables users to track buses and trams in real time, has been selected as the winner of Seedstars Casablanca 2018.

conditional positive
Moroccan Government to Grant MAD 1,000 to One Million Poor Families
Moroccan Government to Grant MAD 1,000 to One Million Poor Families

The Moroccan government is preparing a plan to grant a monthly MAD 1,000 payment to one million Moroccan families, said Lahcen Daoudi.

conditional negative

7 INR to MAD currency converter