Articles of category "India currency"

The majority of Indian corporates have at least 80% of their foreign exchange transactions in US Dollars. Many factors affect the Rupee rate. Every serious event in one of the leading G-8 countries may lead to fluctuations of the unstable Indian currency. Not to mention jumping and chaotic oil prices. Without trying to be 'doomsayers', investors need to take a balanced view on factors like exchange rate, interest rate trend in the US and so on, before jumping onto the hot 'India story'.

The official Indian currency is Rupee (a.k.a. Rupaya, Ruppai), the name derived from its silver coin predecessor. A Rupee is divided into 100 parts, each of which called a Paise. Rupee today is a week currency. The rupee dollar rate is around fifty to one. If you travel to India you should know that any money in the form of travelers’ cheques, drafts, bills, cheques, etc. which tourists wish to convent into Indian currency should be exchanged only through authorized money changers.