While travelling to India, it is necessary to have the knowledge of the currency of India. It is in Rupee. One rupee is equal to 100 paisa. The exchange rates for 1 US $ is Rs.46 approximately. though the number keeps on fluctuating but one should be aware of the new sign of the rupee and the currency conversion things while traveling to India.
Foreign exchange reserves are the foreign currency deposits held by national banks of different nations. These are assets of Governments which are held in different hard currencies such as Dollar, Sterling, Euro, Yen, Gold, SDRs. The current FER of India amounts to $251.33 billion as on 14 Oct as declared by the RBI.
Thu Jul 11, 2013 10:04 am
JoanneGross
Joined: 31 Oct 2013 Posts: 5
There is no extra importance for the foreigners for using Indian currency, if the foreigners stay in india they have to use the indian currency only.
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