Rupee banknotes. Indian Rupee (Rs). Material and appearance of money
Indian rupee
Indian rupee - The currency of the Republic of India. Bank code INR. One rupee is equal to 100 paise. Values \u200b\u200bof current banknotes: 1,000, 500, 100, 50, 20, 10 and 5 rupees. Coins: 5, 2 and 1 rupee. Coins of denominations of 50, 25 and 10 paise are still considered legal tender, but they are practically not used.
The last series of banknotes in India is fully devoted to Mahatma Gandhi - the leader of the movement for the country's independence from Great Britain, a supporter of the method of non-violent resistance in the struggle for transformation in society. His portrait adorns the front side of all banknotes from 5 to 1,000 rupees. For example, on the back of 500 rupees - an illustration of one of the episodes of the peaceful struggle of Mahatma Gandhi against colonial taxes, the so-called Salt Camp - a procession in protest against the salt tax, uniting tens of thousands of Indians during 1930. The largest banknote, at 1,000 rupees, is dedicated to the Indian economy and is decorated with symbols of industry, agriculture and science.
The obverse of the Indian coins depicts the national emblem of the Republic of India - the capital of the column of King Ashoka, who ruled the country in the III century BC. e., with three lions looking in different directions. On the front side - face value, name of the country and year of minting.
India is a country in which money circulation was one of the first in the world. Coins found by archaeologists indicate that this happened already in the VI century BC. e., about the same time that the first Chinese wen and Lydian staters appeared. The first coins were minted from silver and copper, and the word "rupee" in Old Sanskrit means "form, stamping", as well as "".
Own coins were minted both under the Magyars and the Gupt dynasty. In the X-XII centuries, the country survived the Islamic invasion and became part of the Delhi Sultanate, and later entered the Mughal Empire.
For the first time, the monetary unit was named rupees in the 16th century under the Indian padishahs Sher Shah and Akbar I. During this period, coins of the 970th silver sample were minted with a total weight of 11.534 g each.
Illustration: Reserve Bank of India
Since the 17th century, European metropolises, such as Portugal, the Netherlands, France, and Great Britain, began to colonize the Hindustan Peninsula. In the 50s of this century, India finally passed into the hands of the British, and in 1671 the East India Company began to mint rupees, and these were different for individual territories.
A unified monetary unit - the so-called government rupee with a portrait of King William IV, was released in 1731. The composition of the coin included 10.692 g of pure silver.
In the second half of the 18th century, the production of paper rupees began, which at different times was issued by Hindustan, the General Bank of Bengal and Bihar, and the Bengal Bank. In 1861, finally at the legislative level, the British government was vested with the exclusive right to issue money into circulation.
At the end of the 19th century, the rupee experienced a serious shock. She was one of the few monetary units in the world, nominated in silver, and not in gold. The fall in silver prices relative to gold led to a weakening of the currency by almost half.
In 1935, a reform was carried out in the country, and the authority to issue money was transferred to the Reserve Bank of India, which performs the functions of central bank countries to this day.
In 1947, India gained complete independence from the UK and in 1948 issued its own currency. In 1957, the rupee, in contrast to the pound at that time, became a decimal monetary unit and was equated to 100 paise.
The first serious test for the rupee of an independent state was the 1966 crisis. Its reasons were a high level of international borrowing for financing. budget deficit, insufficient liberalization of the economy, as well as the war that broke out a year earlier with Pakistan over the disputed state of Kashmir. As a result, currency quotes fell to a record 3 British pence per rupee.
The second test was the debt crisis of the early 1990s. High level inflation and the budget deficit led to the devaluation of the rupee by half its value. In 1985, the exchange rate was 17.50 rupees per, in 1990 - 17.50, in 1995 - 32.42, and in 2000 - more than 45. During this period, India's international debts to the USSR became tradable financial instrument, and many leading russian banks took part in operations to transfer the rights of claim on them.
In the 2000s, the rupee rate stabilized, and today India takes the 4th place in the world in terms of GDP after the European Union as a whole, the USA and China. The growth of its economy is 7.5% per year, which corresponds to the 15th place. Thus, the Republic of India is one of the most successfully developing countries of our time.
As of June 2012, the rate is 55.18 indian rupees for the US dollar, 69.08 for. For one ruble, you can buy 1.69 rupees.
See what is "Indian Rupee" in other dictionaries:
Indian rupee - (Russian) भारतीय रुपया (Hindi) Indian Rupee (English) Roupie indienne ... Wikipedia
Rupee of Portuguese India - 1 rupee of 1882 ... Wikipedia
Gulf Rupee - Territory of circulation Issuer ... Wikipedia
Rupee of French India - Rupie (fr.) ... Wikipedia
India has been in control for a long time. different countries. This mainly applies to England. This fact left a serious imprint on many different elements, including what eventually became the currency of India.
History of occurrence
In fact, the first mention of the country's monetary units dates back to 1542. Many travelers are interested in what is called official currency India. The answer is very simple: since its inception, these funds have received the name "rupee", which literally translates simply as "minted silver." Subsequently, the name stuck, and it was this unit that became the main payment instrument in the country.
After the establishment of British influence in this region, in 1677, the first rupee was issued, which was minted by the East India Company. In general, for many years (and even centuries) in the territory of present-day India, there were several options for such means of payment at once, each of which had its own unique value. From 1835 to 1893, a special silver standard for unified rupees was in force in this region. It was enshrined in law that any person who possesses silver can come to the mint and exchange it for an appropriate amount of rupees, which, again, were minted from silver.
Gradually, as the situation in the world worsened, connected with the First World War, World War II and subsequent crises, the monetary unit, which had initially considerable value, depreciated more and more. Now the currency of India is quite cheap, for one dollar you can buy about 60 rupees. And this despite the fact that back in 1947 the ratio was 1 to 3.3, that is, for three point and three tenths of rupees, you could buy one US dollar.
Banknotes of India
In the same way as the official currency of India is called, the banknotes issued by this country are also called. Paper money is printed regularly, but old series are not withdrawn and have equal circulation with modern bills. That is why absolutely different in appearance and in terms of protection against paper counterfeit paper can have the same purchasing power. There are many value options for banknotes, ranging from 1 rupee to a thousand. Each such payment unit looks quite colorful and bright, and the main colors used for printing banknotes are ocher or olive.
Coins of india
For most of the period that the Indian currency went through, there were many variations of various coins in the country, but the most common are silver rupee, golden muhr and copper paise. Gold coins were not accepted as a means of payment, but they were actively used for accumulation. In accordance with the law, in one muhra there was exactly the same amount of gold as in one rupee of silver. In turn, one double rupee included 16 double pais, 64 regular or 192 half. As already mentioned, all paisa were made of copper. It is precisely because of this diversity, and also taking into account the fact that double paise was called anna, and half of paise is called a share, and the question arose about what the currency of India is called. It should be noted that at the moment in circulation there are coins in denominations from 10 paise to five rupees.
The national currency of India was a rather peculiar means of payment, especially at first, until 1957, when, finally, the standard decimal system of calculation for other countries was adopted. So, for example, as early as 1916, one rupee was worth sixteen English pence, and she shared on the same basis at 16 ann. Each anna, in turn, was divided into four paisas, and each pais was divided into three paisas. In general, for a modern person, the system is not very convenient and understandable, which, nevertheless, has been the main one in this region for almost half a millennium. Another pretty expected, but no less interesting fact: absolutely on all banknotes of India a portrait of the greatest citizen of this country for all the time of its existence - Mahatma Gandhi is depicted.
Summary
Despite all the attempts of the government, every year the currency of India is becoming cheaper and cheaper against the dollar. In principle, all the same can be said of any other means of payment, since world wars, and then financial crisesone way or another, but had a significant impact on all countries without exception. Nevertheless, recently the situation has begun to be corrected at least a little. For example, if in 2013 it was possible to buy 68 rupees for one US dollar, then as of 2015 it was already about sixty. Given that before this means of payment has steadily lost its price, maintaining such a position is itself a huge achievement that should not be underestimated.
The very first money in India was metal coins made of copper or silver. The first banknotes appeared much later, in 1861. Moreover, until 1949, money from France, England, Spain, and Pakistan was in circulation on Indian territory. And only two years after independence, in 1949 own money appeared in India.
The monetary unit in India, according to Indian law, is rupee. One rupee is equivalent 100 paise.
Commemorative coins and banknotes are sometimes issued for various events and activities in the country.
Once in India denominations of 0 rupees were issued, which, of course, could not be paid. They were a kind of symbol of the fight against corrupt officials.
Face value
Since 1996, the Reserve Bank of India has issued:
- 7 denomination banknotes: 5, 10, 20, 50, 100, 500, 1000 rupees
- and coins of 6 denominations: 10 paise, 25 paise, 50 paise, 1 rupee, 2 rupee, 5 rupee
Rupee is indicated by Rs. It is worth noting that a banknote of the same denomination may have a different appearance. These are not fakes, just different modifications of the same banknote are issued. The Reserve Bank is responsible for issuing the money. Recently, banknotes are issued with increasingly reliable protection.
Importing and exporting Indian rupees is prohibited, and foreign currency can be imported and exported without restrictions.
Material and appearance of money
All coins are round. Most coins are made of steel or aluminum. All coins depict the Indian coat of arms.
Banknotes have one distinctive sign: they all contain an image on the obverse Mahatmas Gandhi. And they differ in color and images on the reverse.
The 5-rupee bill depicts a man who plows a tractor with the earth in a field at sunrise. The bill is made in greenish shades.
On a 10-rupee orange bill are depicted: a growling tiger, a rhino and the symbol of India - an elephant. 
On the banknote of 20 rupees is an exotic Indian landscape: palm trees, sea, clouds. The bill has reddish shades. 
50 rupees - lilac in color, it depicts the building of the Parliament of India. 
On the bill of 100 rupees, mountain peaks are depicted. That is why the banknote is made in blue colors. 
The five thousandth bill depicts a group of people led by M. Gandhi. The note is yellow. 
The red denomination of 1000 rupees depicts the symbols of industry and the economy of the country. Where and how best to exchange money in India
Arriving in India, you will definitely have a question where to exchange currency. This is a very important issue.
Please note that you should change the currency only in specialized places:
- at the bank (there you will need a passport for exchange),
- in the airport,
- in exchange points.
In India, in many institutions there may be problems with the delivery of large bills. Therefore, when exchanging, you can ask that part of the amount be issued to you in small bills. Do not forget to check the appearance of banknotes and count the cash without leaving the place of exchange.
Bring better dollars , since they can be exchanged everywhere at a more favorable rate.
Remember that you should not exchange currency where a taxi driver or hotel administrator offers to exchange: you can exchange money at an unprofitable rate or lose it altogether.
When exchanging money or withdrawing from an ATM, always take and keep a receipt. It can come in handy when exchanging rupees for other money, if at the end of the trip you will not spend all the rupees.
You can bring money both in cash and on plastic cards. You should not use traveller's checks, this method has already outlived itself, and it is simply not safe.
If you decide to use the card, then check with your bank before your trip if your card is serviced in India.
It would be wise to bring along the cards of two systems: Visa and Mastercardbecause some ATMs accept only Mastercard cards, and some accept Visa.
Use a card with a chip better: you can use it only with the input of a PIN code, which, in turn, is safer.
If it happens that you lose your card, immediately call your bank and block it.
Most ATMs have employees. You can check with them whether the ATM accepts your card or not. This information is usually written on the ATMs themselves.
There are many ATMs in India that accept only indian cards.
Carefully read the notifications on the ATM screen. Some ATMs charge a fee for access to foreign account. To avoid this, use some other ATM.
With a bank card, you can also pay for purchases in many stores in India. But at the same time, a small commission is usually deducted additionally.
Tinkoff multi-currency bank card for travel to India
2020 is in the yard, which means that cash transactions abroad are becoming easier and easier, including in India.
Today, the most optimal way to use money in Goa is to use multicurrency bank card Tinkoff black.
The action plan is as follows:
- We go to the site https://www.tinkoff.ru/, leave a request for a Tinkoff Black card. She will have a main ruble account and additional accounts in the currencies that you need.
- After 2-3 days, the courier arrives at the address you specified and issues you a card.
- Through an application or Internet Bank, you tie an account in Indian rupees to a card.
- From the main ruble account, transfer the amount you need to the account in rupees.
- Before you travel to India (through the application or Internet Bank), make the rupee account the main one.
All is ready! Now you can pay and / or withdraw money at any ATMs in India, bypassing currency conversion.
For security purposes, indicate the dates of your trip so that the Bank is informed and does not block access when you conduct cash transactions abroad.
To replenish a ruble account without a commission, you can attach a Sberbank card.
Multi-Currency Service debit card Tinkoff Black costs 99 rubles. per month or free of charge in the following cases:
- A deposit of at least 50 thousand rubles has been opened
- On the map lies the minimum balance of 30 thousand rubles
Very much about who discovered India?
Thus, in all major tourist cities it is not difficult to use a card and exchange currency. ATMs and exchange offices are there at every step. But in small towns and villages it is better to have cash, mostly of small face value.
The monetary unit of India is the Indian rupee (भारतीयरुपया). 1 Indian rupee is equal to 100 paise (पैसा). The international currency symbol is Rs, the international designation is INR. In circulation are banknotes in denominations of 5, 10, 20, 50, 100, 500 1000 rupees, as well as coins in denominations of 5, 2 1 rupees, 50, 25 and 10 paise. The Nepalese rupee (ratio 1: 1.6) and the Bhutanese Ngultrum (ratio 1: 1) are tied to the Indian rupee. Currency issuance is controlled by the Federal Reserve Bank of India.
With the exception of passengers traveling to Nepal, Bangladesh, Pakistan and Sri Lanka. Imported amounts of more than $ 2500 must be declared. Keep the declaration until departure. Foreign currency can be imported, but not more than the imported amount, but Indian rupees themselves are strictly forbidden to import and export from the country.
You can change foreign currency at banks, exchange offices of large hotels, shopping centers, the airport or at state exchange points. Do not forget to take a certificate at the exchange point, you will definitely need it for the reverse exchange. Banks in India are open from Monday to Friday from 10: 00-14: 00, and on Saturdays until 12:00.
When exchanging currency in banks, you must provide a passport with a valid visa. You can exchange Indian rupees for another currency back when leaving India - up to 25% of the official amount of the exchange (upon presentation of bank statements received during the exchange, it is valid for 3 months).
With the exception of the US dollar and Euro, the currencies of other countries are not changed at all banks and at a less favorable rate.
Exported goods in the amount of not more than 750 rupees (for foreigners) and 6000 rupees (for citizens of India) are not subject to duty.
A cup of coffee in a cafe will cost 30 rupees, a bottle of cola - 15 rupees, saffron head safa - 75 rupees, himani oil - 25 rupees, a bottle of rum - 35 rupees.
Rupee, as a currency, is used in India, Pakistan, Sri Lanka, Nepal, Mauritius, Indonesia, Maldives, Seychelles.
History of occurrence
It is generally accepted that India is one of the first countries where they began to use coins (this is approximately the VI century BC). The first rupee was equal to forty pieces of copper (paisam) and was released during the reign of Sher ShahSuri (years of reign 1486-1545). The most common rupee was under Akbar in 1556-1605. It began to be cast from silver, and the weight was 11.534 g. Before that, the rupee was round, rectangular coins with wishes and blessings began to be minted under Akbar. Very often, rupees were named after various coin majors.
During the time of the British East India Company (1671), rupees began to be produced, which varied in quality from region to region. The English rupees were of three types: Bengal rupees or “Sikka”, Bombay rupees or “Sirat”, and Madras rupees or “Arkot”.
In 1835, they began to produce unified rupees depicting English kings. The first to be depicted was William IV. In 1862, a “government rupee” was issued, and the following separation was introduced: 1 rupee \u003d 16 anna \u003d 64 paisa \u003d 192 paia. In 1815, a fan currency of 12 rupees was issued. The year 1883 was marked as the period of the "fall of the rupee." The effect of the silver standard, and not the gold one, has led to the fact that the currency has become uncompetitive.
In 1893, India switched to the issue of paper notes, and the course began to be correlated with the British pound (1 pound equaled 15 rupees). In 1947, India gained independence and replaced the currencies of its autonomous states (Danish Indian rupee, French, Portuguese escudos).
Modern banknotes
The first paper money of India was issued in the 1770s by the Bank Hindustan, then the main bank of Bengal and Bihar (1773), the Bengal Bank (1784), and in 1935 by the Reserve Bank of India. All banknotes, except 1000 rupees, are made in several versions. Recently issued banknotes have a much higher degree of protection: they are watermarks, colors, security thread. The size of the 5th rupee banknote is 63 x 117, the 10th rupee banknote is 63 x 137, and with each subsequent denomination the length of the remaining banknotes increases by 10 mm. All banknotes have an empty bright part where you can take notes, because of this, all banknotes are written out.
5 Indian rupees - Mahatma Gandhi, bank seal, Ahsoka column (on the obverse), tractor and agricultural work (on the reverse);
10 Indian rupees - Mahatma Gandhi, seal of the bank, Ahsoka's column (on the obverse), rhino, elephant, Bengal tiger (on the reverse);
20 Indian rupees - Mahatma Gandhi, the seal of the bank, Ahsok's column (on the obverse), palm trees (on the reverse);
50 Indian rupees - Mahatma Gandhi, bank seal, Ahsoka column (on the obverse), parliament building (on the reverse);
The Indian Parliament Building, Sansad Bhawan, was built in 1912-1913 according to a British design. Supreme Court India is located in the Princely Hall of the same building.
100 Indian rupees - Mahatma Gandhi, bank seal, Ahsoka column (on the obverse), Kanchenjunga ridge (on the reverse);
This mountain range separates Nepal and India. Kanchenjunga is the 3rd highest peak in the world (8586 m above sea level). Kanchenjunga is also called the five treasures of great snows.
500 Indian rupees - Mahatma Gandhi, the seal of the bank, Ahsoka's column (on the obverse), Mahatma Gandhi, leading the people (on the reverse);
Mohandas Karamchand (Mahatma) Gandhi is one of the leaders of the independent movement. His philosophy of non-violence against people has made a huge contribution to the promotion of peaceful change.
1000 Indian rupees - Mahatma Gandhi, bank seal, Ahsoka column (on the obverse), the topic of rural agriculture, industry and science of India (on the reverse);
There are about 200 universities in India, of which 16 are central. The technical direction in education has become widespread, especially disciplines such as agricultureengineering.
origin of name
There are two opinions regarding the origin of the word "rupee". According to the first opinion, its modern name is "rupee", the currency received from the word "rupa" - cattle. At first glance it sounds strange. In India, cattle for a very long time played the role of so-called natural money. According to another point of view, the word "rupee" comes from the Sanskrit root "rupayakam" - "silver coin". In various parts of India, the word "rupee" is pronounced differently: "rupaya," "rupae," "chop," and in the western part, the currency is known under the name, which came from the word "tank" (the icon is called in Tibet).
Currency symbol
This is the letter "Ra", taken from the Devangari alphabet (one of the varieties of Indian writing). The peculiarity is that all the letters, as it were, hang down and are crossed out from above. This symbol was approved on July 15, 2010, and its author is Udaya Kumar. In other varieties of Indian script, rupee is indicated by other symbols. For example: in Konkani रु, in Punjabi ਰੁ, in Tamil ரூ.
Calculus
The first batch of coins after the adoption of the decimal system by India was issued in 1957. Coins were minted from bronze (1 paise), copper-nickel alloy (2-10 paise), aluminum. In 2005-2008, coins began to be minted from stainless steel, because remelting was much more expensive than the cost of scrap itself. Coins have become lighter. Now paise coins are becoming a rarity, although they are used in circulation.
An interesting and original history of development is the Indian rupee. Coins in the distant Middle Ages began to be minted under the leadership of the ruler Shera Shah, who understood that the development of the country's economy depends on them. The first of them were equal to 40 pieces of copper - paise. Their weight slightly exceeded 11.5 grams. At first, the rupee was round. But under Shah Akbar, namely, he began to actively popularize the monetary unit of India, the coins acquired a rectangular shape: blessings and wishes were written on them. Often, rupees received personal names in honor of the rich nobles.
The Indian rupee exchange rate was at first very high, and the coins were of excellent quality. But this was observed before the formation of the English colonial state in India. After this event - the loss of the power of independence - the rupee also lost its original and original appearance. The faces of the English kings began to appear on its sides more and more often. The first depicted monarch Wilhelm IV.
Currency Unit Development
Indian rupees became fully unified in 1835. After 30 years, the so-called government rupee was officially put into circulation, and a new division was established: one coin was equal to 64 paise. But this did not affect the fortress here. monetary unit: already in 1883 the period of rapid depreciation of the currency began. They said that the silver standard became the reason. Like, if coins are minted from gold, they are always able to remain competitive.
In 1947, India freed itself from British rule. From this period, a new stage in the development of rupees begins: the country began to issue banknotes. Paper notes were before that, but they were not so overwhelmingly popular. In the second half of the 20th century, the currency began to take on an interesting look, “overgrow” with strong security features. Nowadays, the rupee is in active use in India. On the territory of the state there is a wonderful coin museum where all copies of the monetary unit are collected: from the moment of their creation to the present day.
Modern currency
Today, the monetary unit is largely dependent on the US currency. The Indian rupee against the dollar, as well as the euro and ruble is correlated according to the numerical values \u200b\u200band the framework, which are affected by the financial situation in the state and the world economy as a whole. It is indicated by the icon Rs. Banknotes of the same denomination can be different: this is not a fake, but various modifications of the same denomination. Despite this, all paper money has a common mandatory element - the image of Mahatma Gandhi. Banknotes may be issued in honor of certain people or important events. For example, on the back of 500 rupees is a picture of the Salt Camp, an episode of the struggle of the people against colonial taxes. Instead, the country's largest monetary unit, a thousand rupees, is dedicated to the Indian economy.
The currency of the Indian rupee has often been modified. Modern coins have regained a round shape, only they are made of aluminum these days. The national emblem of the state was minted on all - the capitol of a column decorated with three lions. He led the state back in the 3rd century BC.
Degree of protection
Indian rupees have a whole system of elements that protect them from mass fraud. One of the degrees of protection is a watermark made in the form of a portrait of Mahatma Gandhi. It is visible if you look at the banknote against the light. Banknotes also have a so-called diving which manifests itself in bright light as a dark continuous strip. In addition, the RBI microelement is located on the currency, which can only be seen with a multiple increase, as well as a hidden picture, visible only from a certain angle.
Other degrees of protection include special tactile marks, embossed prints, the original serial number, and a matching image. Banknotes are painted with a special paint, which contains optically variable pigmentation, which changes the palette depending on the viewing angle and light intensity. There are also UV elements: colored fibers and luminescent substances that transform the shade under the influence of ultraviolet rays.
Exchange
If you decide to spend your vacation in India, you will definitely have a question about where and how best to exchange for local ones. A financial transaction can be carried out directly at the airport upon arrival. But experienced tourists do not advise doing this: the Indian rupee to the ruble at these points is at a slightly low price level. That is, you may lose a little on the exchange. In addition, they can deceive you: India is an eastern country on the very outskirts of Asia, where counterfeiters are actively operating. As for the exchange of money that seemingly decent hotel administrators or taxi drivers offer you, such actions are also fraught with the loss of hard-earned money. Run from them like a plague.
The Indian rupee course is the most profitable for a traveler in a bank. There are exchange offices, but they need to be contacted only as a last resort. When conducting a financial transaction, make sure that you are not given too large banknotes. With such bills you will find unnecessary difficulties in paying for services and goods: here sellers never have change.
Card system
Indian rupees can be obtained not only by exchanging "live" money, but also by withdrawing from a plastic card. Instead, it is not recommended to use: this method is far from safe, in addition, it has long become obsolete. If you decided on the card, then it would be wise to go to your bank before the trip and clarify all the important nuances: whether the plastic fixture is serviced in India, what difficulties may arise in obtaining money. Ask your manager about possible restrictions and bonuses.
In an exotic eastern country, it is better to grab cards of international systems: Mastercard and Visa. You can use them not only at ATMs near financial institutions, but also in large shopping centers, airports, and hotels. Having lost a card, do not despair: immediately call your bank to be immediately blocked there. It is better to store the card in the hotel room in a special safe. Theft cases in India often occur, and even the staff of your hotel can commit a crime. Especially if you see that you are a holder of a GOLD class card.
ATM
When withdrawing money using these devices, you pay a commission. Its size is similar to the contribution, which is pulled together in foreign banks upon receipt of funds. Usually this is 1% of the total amount. Moreover, the commission may not be less than 3 dollars. It turns out that than more money you take off, the more profitable it will cost you. There will be no need to constantly run to the ATM, each time losing a fairly decent amount.
There are some restrictions in India. For example, you will not be able to remove more than 20 thousand rupees. Banks also have a strict framework regarding the daily amount issued. Be sure to keep all receipts after transactions. They are useful in the reverse exchange of rupees for foreign currency, when buying tickets at the ticket offices for tourists, as well as during other important manipulations. By the way, there are ATMs in the country that “pull” banknotes back if you did not pick them up within 30 seconds after the end of the operation.
Exchange rate
Many travelers claim that it is most profitable in India to exchange dollars. The American currency here is very much appreciated by the local population: not only serious ones accept it with pleasure financial institutionsbut also small traders in the market. The Indian rupee against the dollar today is in the following ratio: 1: 0.01. That is, for one dollar you can buy 68 rupees. To navigate: approximately the cost of a liter of gas in this country. For ten dollars it’s possible to rent a modest room in a hotel: daily accommodation in a two-star hotel costs from 600 rupees.
Indian rupee to euro is at a similar price level. The banknote of a unit denomination is equal to 0.01 European monetary unit. can be exchanged for 74 rupees: this is seven minutes of calling home from the card mobile operator of this country. As for domestic money, the range in which the Indian rupee is to the ruble is: 1: 1.2. For one ruble you can buy only 0.83 rupees. When exchanging money, do not forget to count them and check the appearance of banknotes for possible damage.
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