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.

Hong Kong Dollar

Hong Kong Dollar

The Hong Kong dollar (Chinese: 港幣; Cantonese Yale: Góng bàih; sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the de facto central bank for Hong Kong and the Hong Kong dollar. Under the licence from the Hong Kong Monetary Authority, three commercial banks are licensed to issue their own banknotes for general circulation in Hong Kong. The three commercial banks, HSBC, Bank of China and Standard Chartered issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$500 and HK$1000, with all designs being similar to the other in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2016, the Hong Kong dollar is the thirteenth most traded currency in the world. Apart from its use in Hong Kong, the Hong Kong dollar is also used in neighbouring Macau, where the Hong Kong dollar circulates alongside the Macau pataca.

8 Indian Rupee to Hong Kong Dollar exchange rates chart

8 INR to HKD exchange rates graph
8 INR to HKD 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.

8 INR to HKD exchange rates table

Exchange INR to HKD
8 Indian Rupee = 0.890 Hong Kong Dollar
16 Indian Rupee = 1.780 Hong Kong Dollar
40 Indian Rupee = 4.450 Hong Kong Dollar
80 Indian Rupee = 8.900 Hong Kong Dollar
Exchange Indian Rupee to Hong Kong Dollar
8 Indian Rupee to Hong Kong 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/HKD rate at Bank of China (Hong Kong) in Hong Kong

8 INR to HKD exchange rates at Bank of China (Hong Kong) in Hong Kong
8 Indian Rupee = 0.792 Hong Kong Dollar
Bank of China (Hong Kong)
Bank of China (Hong Kong)

Bank of China (Hong Kong) Limited (Chinese: 中國銀行(香港)有限公司) also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data),[1] with around 197 branches across Hong Kong as of the end of 2016. [2] It is also one of the three...

Best INR/HKD rate at Ngau Kee Money Changer Co Ltd in Hong Kong

8 INR to HKD exchange rates at Ngau Kee Money Changer Co Ltd in Hong Kong
8 Indian Rupee = 0.840 Hong Kong Dollar
Ngau Kee Money Changer Co Ltd
Ngau Kee Money Changer Co Ltd

NGAU KEE MONEY CHANGER CO., LTD. Ngau Kee Money Changer Company Ltd (NKCL) is your first choice in foreign currency exchange. Since 1930, we have been serving customers in Hong Kong and most of the South East Asian countries. Our knowledgeable account executive must be able to solve your problems efficiently. Acting as the banknote supplier to many Banks and Corporations in Hong Kong, our exchange rates is always competitive. We maintain an inventory of more than 40 countries banknotes and...

Best INR/HKD rate at RRSB Forex in New Delhi

8 INR to HKD exchange rates at RRSB Forex in New Delhi
8 Indian Rupee = 0.829 Hong Kong Dollar
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/HKD rate at Weizmann Forex in New Delhi

8 INR to HKD exchange rates at Weizmann Forex in New Delhi
8 Indian Rupee = 0.880 Hong Kong 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/HKD rate at SF Forex in Chennai

8 INR to HKD exchange rates at SF Forex in Chennai
8 Indian Rupee = 0.976 Hong Kong 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...

8 INR to HKD exchange rates news

Rupee tumbles 53 paise to 70.21 against USD on crude woes

At the Interbank Foreign Exchange (forex) Tuesday, the rupee opened on a sluggish note at 69.83.

6 days indicative negative
Sensex ends 106 points lower over declining banking stocks

Sensex ends 106 points lower over declining banking stocks

7 days indicative negative
Decoupling From Global Pessimism

Frank-Jürgen Richter - The Indian economy has the potential to remain decoupled from the global economic pessimism, but for that to happen, bold and sustained policy moves are required. It will be interesting to see if this government can buck the trend, , indian economy, Global Pessimism

13 days indicative positive
SOPA says India Dec soymeal export dn 24% on mo to around 200,000 tn

SOPA says India Dec soymeal export dn 24% on mo to around 200,000 tn

13 days conditional neutral
Stocks May Show A Lack Of Direction On Mixed Earnings News - US Commentary

WASHINGTON (Alliance News) - After ending the previous session mostly lower, stocks may show a ...

2 days conditional positive

8 INR to HKD currency converter