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.

Norwegian Krone

Norwegian Krone

The krone [ˈkruːnə] (sign: kr; code: NOK), plural kroner, is the currency of Norway and its dependent territories. It is subdivided into 100 øre, which exist only electronically since 2012. The name translates into English as crown. The krone was the thirteenth most traded currency in the world by value in April 2010, down three positions from 2007.

8 Indian Rupee to Norwegian Krone exchange rates chart

8 INR to NOK exchange rates graph
8 INR to NOK 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 NOK exchange rates table

Exchange INR to NOK
8 Indian Rupee = 0.925 Norwegian Krone
16 Indian Rupee = 1.849 Norwegian Krone
40 Indian Rupee = 4.623 Norwegian Krone
80 Indian Rupee = 9.246 Norwegian Krone
Exchange Indian Rupee to Norwegian Krone
8 Indian Rupee to Norwegian Krone 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/NOK rate at DNB in Oslo

8 INR to NOK exchange rates at DNB in Oslo
8 Indian Rupee = 0.779 Norwegian Krone

DNB ASA (formerly DnB NOR ASA) is Norway's largest financial services group with total combined assets of more than NOK 1.9 trillion and a market capitalisation NOK 164 billion as per 20 May 2016. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. DNB's head office is located in Oslo. The two largest owners of DNB are the Norwegian Ministry of Trade and Industry (34.0%) and Sparebankstiftelsen DnB NOR (10.0%). The latter was created as a...

Best INR/NOK rate at RRSB Forex in New Delhi

8 INR to NOK exchange rates at RRSB Forex in New Delhi
8 Indian Rupee = 0.040 Norwegian Krone
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...

8 INR to NOK exchange rates news

Closing Bell: Last-hour selling drags Sensex lower by 345 points, Nifty ends below 10,500

HPCL, Tata Motors, IOC, Bajaj Finance and Hindalco Industries lost the most.

subjunctive neutral
Sensex sheds 346 pts, Nifty ends at 10,482 amid fresh concerns over crude, rupee

The BSE Sensex plunged by about 346 points owing to an intense fag-end selling mainly in auto and energy stocks amid renewed concerns over rupee fall and rising global crude oil prices. Similarly, the NSE Nifty fell by 103 points to 10,482.20 points. Tata

indicative negative
Sensex tumbles 346 points as crude prices, rupee concerns weigh

Further impacting domestic market sentiments, the Indian rupee again breached the 73-mark, dropping 57 paise (intra-day) to 73.07 against the dollar.

conditional negative
Xiaomi Redmi 6, Redmi 6A get expensive! Indian rupee to blame

In the notification, Xiaomi mentioned that, the company has always worked on bringing you innovative technology with incredible specs of the highest quality and we also strive to ensure that these are available to you at the most honest price."

conditional negative
GBP/INR Exchange Rate: Indian Rupee Continues To Make Gains Amidst Saudi Oil Cuts

After an initial bull run early in the week, posting a high of 95.8657 the Sterling lost ground to the Indian Rupee closing the week at 93.6559, close to the monthly low of 93.3913

imperative neutral
EUR/NOK remains stable so far – Danske Bank

The Norwegian Krone appears stable following recent inflation figures and balanced positioning, noted Mikael Milhoj, Senior Analyst at Danske Bank. Key

conditional positive
Crypto Currency: Ethereum Analysis And Bitcoin’s Relative Rotation Graph

Ethereum Analysis and Bitcoin’s Relative Rotation Graph

indicative neutral
Is The Australian Dollar Signaling A Resumption Of The U.S. Dollar's Advance?

The US dollar's downside correction may have ended the middle of last week. The FOMC left little doubt that a rate hike will be delivered next month. Oil prices

conditional negative

8 INR to NOK currency converter