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.

Euro

Euro

The euro (sign: €; code: EUR) is the official currency of the European Union and its territories. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone or euro area. It is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents. The currency is also officially used by the institutions of the European Union and its territories, four other European countries, as well as unilaterally by two others, and is consequently used daily by some 343 million Europeans as of 2018. Outside Europe, a number of overseas territories of EU members also use the euro as their currency. Additionally, 290 million people worldwide as of 2018 use currencies pegged to the euro. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of August 2018, with more than €1.2 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by May 2002 it had completely replaced the former currencies. While the euro dropped subsequently to US$0.83 within two years (26 October 2000), it has traded above the U.S. dollar since the end of 2002, peaking at US$1.60 on 18 July 2008. In late 2009, the euro became immersed in the European sovereign-debt crisis, which led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising and strengthing the currency.

80 Indian Rupee to Euro exchange rates chart

80 INR to EUR exchange rates graph
80 INR to EUR 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.

80 INR to EUR exchange rates table

Exchange INR to EUR
80 Indian Rupee = 0.998 Euro
160 Indian Rupee = 1.996 Euro
400 Indian Rupee = 4.990 Euro
800 Indian Rupee = 9.980 Euro
Exchange Indian Rupee to Euro
80 Indian Rupee to Euro 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/EUR rate at CEN-CHANGE in Paris

80 INR to EUR exchange rates at CEN-CHANGE in Paris
80 Indian Rupee = 0.928 Euro
CEN-CHANGE
CEN-CHANGE

Currency Exchange Office in Paris : CEN Change. Buying and Selling Currencies at the Best Rate Euro Dollars Pounds Yen...Founded in 1892, Change-Est-Nord is one of the oldest money exchange offices in Paris Currency Exchange Services Exchange Currency Rates Currency Exchange Booking Currency Exchange Contact Contact & Information Contact us for all currency exchange information, buying and selling currencies, Our service is comprised of excellent exchange rates and fantastic customer service....

Best INR/EUR rate at Weizmann Forex in New Delhi

80 INR to EUR exchange rates at Weizmann Forex in New Delhi
80 Indian Rupee = 0.992 Euro
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/EUR rate at RRSB Forex in New Delhi

80 INR to EUR exchange rates at RRSB Forex in New Delhi
80 Indian Rupee = 0.956 Euro
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/EUR rate at SF Forex in Chennai

80 INR to EUR exchange rates at SF Forex in Chennai
80 Indian Rupee = 1.046 Euro
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/EUR rate at Kalakshetra Forex in Chennai

80 INR to EUR exchange rates at Kalakshetra Forex in Chennai
80 Indian Rupee = 0.986 Euro
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/EUR rate at Interchange in Vienna

80 INR to EUR exchange rates at Interchange in Vienna
80 Indian Rupee = 0.720 Euro
Interchange
Interchange

In operation since 1990 the Interchange Group serves 3,300,000 customers annually, handling 550 million across 15 countries, including 9 major airports, 136 branches and numerous ATMs. It also has a network of more than 1,200 Western Union agencies. We’ve been changing, transferring and dispensing money for over 25 years. It’s what we do best. Today, we operate foreign exchange and ATM services in Central and Eastern Europe’s three leading airports: Vienna, Prague and Budapest. We also...

Best INR/EUR rate at Exchange AG in Munich

80 INR to EUR exchange rates at Exchange AG in Munich
80 Indian Rupee = 0.889 Euro
Exchange AG
Exchange AG

Impressum Exchange AG Deutschland Gesetzliche Vertreter: Andrea Ruhfus (Vorstand) und Michael Diell (Vorstand) Vorsitzender des Aufsichtsrates: Michael Hollmann Anschrift: Exchange AG Deutschland Eisenacher Str. 85 10781 Berlin Tel.: +49 800 - 58 95 374 Fax: +49 30 - 319 917 829 E-Mail: [email protected] HRB 64978 Amtsgericht Charlottenburg USt-IdNr.: DE 197900401 Aufsichtsbehörden: 1. Geldwechselgeschäft: Bundesanstalt für Finanzdienstleistungsaufsicht, Graurheindorfer Str. 108, 53117 Bonn...

Best INR/EUR rate at ReiseBank in Munich

80 INR to EUR exchange rates at ReiseBank in Munich
80 Indian Rupee = 1.192 Euro
ReiseBank
ReiseBank

Alle Währungen Hier finden Sie viel Wissenswertes rund um fast alle Währungen und Länder der Welt Zu fast jedem Land der Erde finden Sie die Devisen- und Bargeldbestimmungen für das jeweilige Land und eine Abbildung einer landestypischen Banknote. Rufen Sie ein Land auf, indem Sie einige Buchstaben des Ländernamens eingeben und das gewünschte Land auswählen. Alle Informationen werden nach bestem Wissen, aber ohne Gewähr, veröffentlicht. Es wird keine Haftung für Schäden übernommen, die auf...

Best INR/EUR rate at Euro Change in Berlin

80 INR to EUR exchange rates at Euro Change in Berlin
80 Indian Rupee = 0.889 Euro
Euro Change
Euro Change

Europa-Center 10789 Berlin Phone: 030-2611484 Fax: 030-2628846 Mon-Fri 9am - 8pm Sat 9am - 8pm Kurfürstendamm Show in GoogleMaps S-Bhf. Alexanderplatz 10178 Berlin Phone: 030-2415097 Fax: 030-2415096 Mon-Fri 8am - 8pm Sat 8am - 8pm Alexanderplatz Show in GoogleMaps Berlin-Mitte Friedrichstr. 80 10117 Berlin Phone: 030-2043735 Fax.: 030-2043745 Mon-Fri 10am - 7pm Sat 10am - 3pm Französische Straße Show in GoogleMaps Steglitz Hubertusstraße 14 12163 Berlin Phone: 030-7928020 Fax: 030-7927141...

80 INR to EUR 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
Bumpy ride: Bruised Euro-zone economy stumbles on after 2018 beating

Germany’s supposed powerhouse economy contracted over the summer, and Italy is not only shrinking but also reviving memories of the regional debt crisis.

indicative negative
Polish political leader rejects converting to euro currency

The leader of Poland's ruling party has spoken against the conversion to the European Union's currency, the euro

imperative neutral
Euro Drops Vs Most Majors Ahead Of German Industrial Production

BRUSSELS (Alliance News) - At 2:00 am ET Friday, Destatis will release German industrial ...

conditional positive
Euro Paper Talk: Pogba the bait as Man Utd look to entice Italy playmaker

Manchester United are making ambitious plans to offer Paul Pogba in exchange for a €120m-rated Italy star, while a Liverpool target has admitted he could be ready to move on, according to Tuesday's European papers.

conditional neutral

80 INR to EUR currency converter