value of indian currency in other countries

If you have a QBU with a functional currency that is not the U.S. The only exception relates to some qualified business units (QBUs), which are generally allowed to use the currency of a foreign country. In general, use the exchange rate prevailing (i.e., the spot rate) when you receive, pay or accrue the item. dollars if you receive income or pay expenses in a foreign currency. Therefore, you must translate foreign currency into U.S. You must express the amounts you report on your U.S. – Trade with other countries in that currency List of Few World Currencies where Indian Currency is StrongerĨ.Translating foreign currency into U.S. – Central Bank’s Interest Rate (In India, it is RBI’s interest Rates) For example, an interbank exchange rate of 49.90 INR to the New Zealand Dollar means that ₹49.90 will be exchanged for each 1 NZ$ or that 1 NZ$ will be exchanged for each ₹49.90. Source: xe.com (Rates as on 18th Dec 2022)Ĭurrency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another. Asian Currencies vs Indian Currency Exchange Rate Country There may be variance in rates and prices. So, we have compiled a list of all major currencies and compared them with the current currency exchange rate in India.ĭ isclaimer: The currency rates are sourced from Xe.com, Google and BookMyForex rate Chart. As it will help you in making a wise decision when you want to buy or sell Indian Rupees. So, it is extremely important for a regular traveller outside India or if you are a Non-Resident Indian (NRI) to compare the currency rate in India with other world currencies. In the last few quarters, Indian Rupee has lost value against the likes of USD but has also gained against other currencies.

Value of indian currency in other countries