Reserve Bank of India Foreign Transfer Rates Today
We help you save money by comparing Reserve Bank of India exchange rates to the latest market rate and those offered by leading FX providers.
Reserve Bank Of India
The Reserve Bank Of India (RBI) is the central bank of India. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the RBA manipulates interest rates this impacts both the inflation in India and also the relative value of the Indian rupee compared to other currencies.
Sending money to Eurozone 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 to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Eurozone bank accounts or pay a Euro invoice.
View a full list of exchange rates by selecting your Base (from) currency: