BestExchangeRates India - Compare & Save on Foreign Exchange
How BestExchangeRates can Save you Money in India
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United States and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track INR rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular INR Exchange Rates
Follow exchange rates via your personal BER My Rates Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in India.
Save with our partners who are among the best & most trusted brands in India.
Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Indian rupee market update
The Indian Rupee (INR) is currently navigating a complex landscape, influenced by both global economic conditions and domestic challenges. Recent forecasts from Goldman Sachs suggest that the INR may stand to benefit from a weakening US dollar as investors start to shift their focus towards emerging market currencies, particularly in response to ongoing issues within the Chinese economy. However, the rupee has faced downward pressure, as it has steadily weakened against the dollar, now trading at near 90-day lows of 0.011900. This decline has been significantly influenced by surging energy prices, which pose inflation risks and potential interest rate hikes, a concern for a country that imports a substantial majority of its oil needs.
Market data indicates that the INR has been trading within a stable 0.7% range against the USD from 0.011900 to 0.011979. Meanwhile, the rupee has shown relative stability against the euro and the pound, with the INR to EUR and INR to GBP at 0.010840 and 0.009083, respectively, both near their 3-month averages. The INR to JPY, however, has witnessed more volatility, trading in a 15.5% range from 1.6771 to 1.9363, suggesting that fluctuations in regional demand may have a heightened impact on this pair. As the market digests these factors, currency analysts stress the importance of monitoring the global economic landscape and oil price trends, which will undoubtedly continue to play crucial roles in the rupee's performance moving forward.
BestExchangeRates.com keeps you up-to-date on Indian rupee forecasts by collating the views of reliable FX forecasters and economists together with recent INR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.