What does Indian money look like. The currency of India. History of occurrence and current situation. Large banks of India

Indian rupee - The currency of the Republic of India. Bank code INR. One rupee is equal to 100 paise. Values \u200b\u200bof current banknotes: 2,000, 500, 100, 50, 20, 10 and 5 rupees. Coins: 10, 5, 2 and 1 rupee. Coins with denominations of 50, 25, 20 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 2,000 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. Banknotes of 1000 rupees at the beginning of 2017 went out of circulation.

The obverse of 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 "silver".

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 currency was called 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.

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, paper rupees began to be issued, which at different times were issued by the Bank of 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 a world nominated in silver, not 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 US dollar, 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 a traded financial tool and many leading russian banks took part in operations to transfer rights of claim on them.

In the 2000s, the rupee rate stabilized, and today India is fourth in the world in terms of GDP after the European Union as a whole, the United States and China. The growth of its economy is 7.5% per year, which corresponds to 15th place. Thus, the Republic of India is one of the most successfully developing countries of our time.

As of June 2012, the exchange rate is 55.18 Indian rupees to the US dollar, 69.08 to the euro. For one ruble, you can buy 1.69 rupees.

On the forex Market trade in Indian rupees does not yet occupy a leading position - only about 0.5% of the total volume of transactions, or 15th place among other instruments, but it is obvious that this currency has serious prospects.

As for cash rupees, it should be borne in mind that currency transactions on the black market are prohibited by law. Currency exchange certificates should be kept. Upon entering India, amounts over 5 thousand US dollars are subject to declaration. Export from the country of Indian rupees is not allowed.

To understand what currency is used in India, you can only be in this country - money is forbidden to be taken out of its borders. The rupee has a long history, but today it does not help her to be convertible and competitive.

Financial interaction all Indian states is happening with national currency rupees. An interesting fact: money can not be exported from the country, only to Bangladesh, Nepal, Bhutan and the island of Sri Lanka. Locals are reverent about what currency in India, because money is considered the personification of the goddess Lakshmi, and they should not be treated carelessly.

The birth and evolution of the rupee

The first appearance of the national currency dates back to the reign of Sher ShahSuri (approximately in the VI century BC). The first rupee was a round piece and was equal to forty copper pieces called paisa.

Under the ruler of Akbar, in the second half of the 16th century, the rupee acquired a worthy appearance - it began to be cast from silver. In addition to round, in circulation were coins of a rectangular shape - they often wrote wishes and blessings.

There are two opinions about the etymology of the name of Indian money:

1. The first version is the rupa (cattle). Cattle played the role of natural money.
2. The second option is more similar to reality - it comes from the Sanskrit word "rupayakam", which means silver coin.

British colonization left its mark - the quality of the issued rupees indicated their belonging to a certain region:

• bengali (Sikka);
• bombay ("sirat");
• madras ("Arcot").

For the first time, the currency "got acquainted" with the devaluation in 1883 - it was dubbed "the time of the fall of the rupee." Money could not stand the competition precisely because of their silver, and not gold origin.

In 1815, a parallel currency was issued - to the fans, it was equal to 12 rupees. Everything came to a common denominator in 1835 - rupees with the image of the English monarchy began to come out (the first such honor was awarded to William IV).

Autonomous states had other bank notes - Danish and French rupees, Portuguese escudos. Finally single currency Rupee became only in 1947 with the independence of the country.

General information about the national currency of India

Indian rupee is equal to 100 paise. In the international designation:

• character is Rs;
• designation INR.

Graphically, the rupee symbol is denoted by the letter "Ra", taken from the Devangari - a variety of Indian script:

Visually on it, letters hang down and cross out from above. A similar symbol was adopted and approved in 2010, but since India is a multilingual country, other designations in other languages \u200b\u200bare found.

Today in circulation go:

• banknotes in denominations of 5, 10, 20, 50, 100, 500, 2000 rupees;
• coins of 10, 25, 50 paise and 1.2.5 rupees.

The Indian rupee tied several neighboring currencies to itself:

• nepalese rupee (exchange ratio 1: 1.6);
• ngultrum from Bhutan (change 1: 1).

The country applies a peculiar calculus to large sums - they are usually considered not in millions and so on, but in thousands or tens of thousands or other terms:

• varnish - 100,000;
• crore \u003d 10 million rupees \u003d 100 varnishes;
• arabb - 1 million rupees \u003d 100 crore.

Features of paper banknotes

The first bills were issued back in the 1770s. Indian money is issued by the Federal Reserve Bank of the country.

A strange feature of paper notes - almost all of them ... are perforated. Affects the "indestructible" banking habit of holding money together with a stapler. Therefore, punctured money can be perceived as counterfeit. But at the same time, a torn bill simply will not be accepted anywhere, except for a certified exchange point (where they will take a certain commission).

Denominations of modern banknotes are made in several versions. The latter have a high degree of protection - watermarks and security thread are used. Many bills are written out - the Indians take notes on the empty bright space that is on every banknote. On the front side of each of these bills, Mahatma Gandhi is certainly depicted and there is a bank seal. The obligatory element of the reverse side is the Ahsoka column, which has archaeological value.

The size of the denomination in denominations of 5 rupees is 6.3 x 11.7 cm. On the reverse, you can see agricultural work:

On the reverse of a ten-rupee bill 6.3 x 13.7 cm in size, the inhabitants of the Indian jungle are placed - an elephant, a Bengal tiger and a rhinoceros.

Each subsequent denomination increases in length by 10 mm. Therefore, the same empty area for recordings appeared.

The reverse side of the face value of 10 rupees is represented by palm trees. The bill itself has a reddish tint:

The reverse of 50 rupees is the parliament building. The color of the banknote is close to lilac:

The one hundred rupee banknote depicts the Kanchenjunga Range - it shares India with the neighboring state of Nepal. Another name for the ridge is Five Treasures of Great Snows. Greenish and lilac colors prevail here.

The rupees introduced at the beginning of the year are made in shades of gray. On the back is a mirror image of the leader compared to previous bills. The reverse of a 500 bill shows the Red Fort:

Attention! At the beginning of 2017, the Government of India takes out a rupee bill of 1,000, wishing to reveal the shadow income of fellow citizens.

Details of the situation with the withdrawal from circulation of funds:

The drawing on the back of this banknote opened the topic of the formation of industry, agriculture and science of the country:

On a new compact-sized bill in 2000 rupees, the first Indian spacecraft is shown, which was launched into Martian orbit in 2014:

Indian coins

Today, all Indian coins are minted in aluminum and silver. Regardless of dignity, an Indian coat of arms is depicted on each such coin.

This was not always the case: the muhr gold coin is known, which has been issued since 1562 (the material of higher samples was used for manufacturing). At first there were no images on the muhra, then decorations in Arabic script began to appear, then years of release appeared.

One ordinary muhr had a weight of almost 12 grams. However, there are also champions - a coin with a face value of 200 mukhras was minted in 1654 and had a weight of 2 kg. Its diameter was 13.6 cm.

The coin was used in circulation almost until 1918. Now it can be found only in the collection of numismatists. The last golden muhr was minted in 2014 as an anniversary coin. The cost of the sample is 1,500 dollars.

Connoisseurs collect another valuable Indian coin exhibit - silver chakram. Its production went from the beginning of the X to the beginning of the XX centuries.

Such coins can be a wonderful gift to the collector. This is great.

Coins of colonial India had an unusual shape. For example, in 1944, coin 1 Anna came out, which had a wavy edge (with the profile of King-Emperor George VI on the reverse). And the other money was a square with rounded edges.

On earlier issues until 1957, another interesting feature - images of fingers. This was done specifically for illiterate residents. Today, coins are not of great value - tourists use them as offerings to the gods, and such money does not play a significant role in circulation.

Indian Currency Convertibility

Foreign currency can be imported into the country, while domestic export is not allowed. Tourists should know: an amount of more than $ 2,500 must already be declared. The declaration document should be kept until departure - it will be required for a reverse exchange (it will only be allowed for 25% of total amount) It is better to import part of the funds into the country by bank transfer on cards of international payment systems (Mastercard, American Express, Visa).

Conversion (according to www.calc.ru as of May 22, 2017) is equal to the following indicators:

1. The American dollar is 1 USD \u003d 64.59 INR.
2. The euro goes against 1 EUR \u003d 72.20 INR.
3. Very interesting is the Indian currency, the rate to the ruble 1 RUB \u003d 1.13 INR.

There are a lot of currency swindlers in the country - it is better to contact official institutions. Foreign currency exchange can be carried out in many places - banks, state exchangers and located at hotels, at the airport and shopping centers. A passport with a valid visa is provided. At the same time, at the exchange point, you need to take a special certificate of the operation performed - it will be required for the reverse exchange (the validity of the certificate is three months).

For new arrivals to the country, information is useful that all banks work on weekdays from 10:00 to 14:00, and on Saturdays they must be in time before 12:00. Banks are closed on December 30, 31 and on national holidays. The reverse exchange of rupees to another currency is not offered by all banking institutions in the country (the rate may also be unprofitable). Profitable offer found in jewelry stores (this is permitted by law).

They love the American dollar in India - they can be accepted almost everywhere throughout the country. But cash out your card account foreign currency You can’t - you can get only rupees on your hands. The same will happen when cashing travel checks - Thomas Cook and American Express).

You can also go with the euro, but this money is not so popular on the Hindustan peninsula. Much more loyal due to the prevailing historical habits in the country belong to the pound.

But you should not go to India with the Russian ruble - it will be impossible to buy anything with such cash. Of course, you can pay by card or withdraw money from an ATM - the result will be converted into rupees. Immediately need to prepare for large sums conversion fees and think how much it makes sense to carry out such an operation: rubles are automatically converted into dollars, and then dollars in rupees.

India is the first country in credit fraud. So, it’s better not to use this tool to pay for services (except for paying for tickets at airline offices).

What is how much

The country is considered one of the cheapest in Asia. However, the main feature of trade in India is double standarts for their citizens and foreigners. So before buying any product, it is better to first find out in trusted sources real value.

In India, you can import duty-free goods for a certain amount:

• for foreigners it should not exceed 750 rupees;
• for citizens of the country 6000 rupees.

It is worth paying attention to the abbreviation on the price tag -MRP. She speaks about the fixed cost (Fixed Price Shop). Despite this, local sellers may inflate prices for foreigners. "Wrapping" can reach up to 50% of the price, and sometimes be increased by 100 times (which is why you must constantly bargain).

A separate word should be said about the tip - their submission is optional. But due to the low social status of most residents, for many service workers they are the main source of livelihood. The average amount is 10% of the total bill - sometimes it is included under the guise of a service charge. In monetary terms, this is expressed as follows:

• about 10-20 rupees in hotels of medium and low price category;
• at least 1 dollar in expensive hotels.

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 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 6th century BC). The first rupee was 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 were also minted under Akbar. Very often, rupees were named after various coin majors.

During the time of the British East India Company (1671) they began to produce rupees that 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 division 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, bank seal, Ahsoka's column (on the obverse), rhino, elephant, Bengal tiger (on the reverse);

20 Indian rupees - Mahatma Gandhi, bank seal, Ahsoka's column (on the obverse), palm trees (on the reverse);

50 Indian rupees - Mahatma Gandhi, seal of the bank, Ahsoka's 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 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 agriculture and engineering.

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 served as the 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 "tanka" (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

Modern coins

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. 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 was slightly higher than 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 strength of the local currency: already in 1883, a 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. Indian rupee against the dollar, as well as the euro and the ruble is correlated according to the numerical values \u200b\u200band the framework, which are affected by the financial situation in the state and the global 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 continuous dark 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: is the plastic device 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 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 beneficial 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 and check them appearance banknotes for possible damage.

As the currency of India, the national currency is the Indian rupee. 1 rupee consists of 100 change coins, here called paisas. In circulation you can meet paper banknotes denominations of 1, 5, 10, 20, 50, 100, 500 and 1000 Indian rupees (international bank code indian currency - INR). It should be borne in mind that some banknotes have the same denomination, but at the same time they differ in their design. In particular, rupees of the same denomination may differ in color and have various forms of protective elements.

India: currency - rate against the dollar

As in most other tourist countries, India is very supportive of the American currency. US dollars are changing almost everywhere, and throughout the country. Keep in mind: Indian banks do not cash out accounts (including card accounts) in dollars, euros and other foreign currencies. When you withdraw from an ATM or receive money from a dollar card at a bank branch, you will receive all the same rupees.

The official exchange rate for fall 2015 (September) was 65.77 Indian rupees per 1 american dollar. In turn, 1 rupee was equal to 0.02 dollars (that is, for 100 INR you could buy 2 USD). Information is given according to the Central Bank of Russia.

“You are afraid of currency swindlers, who, alas, are many in India. Use when exchanging bank services. Perhaps the exchange rate there will be less profitable, but the security of exchange in this case is 100% ensured. ”

What currency to take to India

In principle, in most Indian cities rupees can be freely exchanged for both American dollars and Euro money. At the same time, India can be attributed to the number of countries in which it is still more profitable to transport USD, not Euro. You can exchange North American currency both at exchange offices, of which there are a lot, and in almost any hotel (at the same time, you should take into account the fact that in street "exchangers" the rates are usually higher than hotel rates). In addition, the exchange of dollars for rupees at a favorable rate is carried out by private jewelry stores. At the same time, you should not be afraid that such an operation will be illegal - currency exchange by jewelry store owners in India is permitted by law.

India: currency to ruble

Going to India with Russian state currency on hand is practically meaningless. But you can pay with a ruble card or withdraw money from it at an Indian ATM. However, it must be remembered that in any case you will receive cash in rupees, and the commissions for such conversions are quite high, so you need to think carefully about the feasibility of such an operation. When using a ruble card, rubles are automatically converted into dollars, and already dollars - in rupees.

Interesting thing is that official courses Indian rupees and ruble are almost equal. So, in particular, in mid-September 2015, the Central Bank of the Russian Federation established an exchange rate of 99.81 INR for 100 RUB. That is, we can say that theoretically the rupee and the ruble are quoted at almost 1 to 1.

India: exchange rate

How do you know at what real rate you can exchange dollars or euros for rupees in India? There are many resources on the network that offer you to get acquainted with exchange rates, as well as perform preliminary conversion using a virtual currency calculator. In particular, on Sravni.ru (section "Currencies") you will find the current exchange rate of the Indian rupee for today. In addition, you can always track the dynamics of the fluctuation of the rupee against the major world currencies using charts.

Currency exchange in india

Upon arrival in India, try to refuse the offer to exchange currency at points indicated by the taxi driver who delivered you to the hotel from the airport, the first acquaintance or administrator at the hotel. Keep in mind that you will exchange money at an extremely inconvenient rate for you, and the "money changer" will subsequently share the proceeds with the one who brought the inexperienced tourist to an exchange.

It is best to make a currency exchange in India at local bank branches, certified exchange points, or at the airport. Take pounds or US dollars with you to the country. Euros are changed reluctantly and at a more unfavorable exchange rate than world-class currencies familiar to the country.

Indian rupee to major world currencies

On any currency converter, you can view the Indian rupee against major world currencies for a specific day. For example, in April 2016, for one Indian rupee they gave 0.01 US dollars. At the same time, in the reverse exchange for 1 US dollar, only 66, 69 rupees could be obtained. For 100 Indian rupees at the rate, you can buy 133.192 euros and 9946.87 Russian rubles. When exchanging currencies at the country's banks, be sure to bring your passport with you. Part money it is recommended to import into India bank cards. Use cards of international payment systems in major cities India is not a big deal.

Banks of India

For now banking system India is actively developing. Market, market currency operations, money market and capital market are the main components of the country's financial sector. AT last years the business insurance system is also actively developing. Both private and state-owned banking institutions, financial institutions, and banks of foreign origin are actively working in India. Developing in the country and stock market. Banks of India today are managed by the National Reserve Bank of India. It is he who defines the restrictions in the sector of bank lending, defines the concept of cooperation of banks with large enterprises and corporations of the country. RBI is involved in the formation and development of the monetary system.

Face value

The Indian rupee acts as the official currency in India. Its international code is 356, the abbreviation is INR. By currency converter you can always track the rate russian ruble to Indian rupee. The main denomination of monetary units in the country is 1, 5, 10, 20, 50, 100, 500 and 1000 rupees. One rupee is equal to one hundred paise. Banknotes were issued at different times in the 90s. Indian coins in denominations of 1, 2, 5 and 10 rupees, 5, 10, 20.25 and 50 paise are also present in circulation. The obverse of the banknotes depicts animals, the country's natural landscapes, various historical events. When exchanging currencies, try not to accept worn bills from the changing side - it is more difficult to make purchases with them.

Material and appearance of money

All Indian coins are made of steel or aluminum. On each coin (regardless of its value) there is an emblem of India. Banknotes have their own distinctive sign. On the obverse of banknotes of any denomination there is an image of Mahatma Gandhi - one of the greatest Indian figures who managed to reconcile nationalities in the country without the use of force. The notes themselves differ in color and in the image on the reverse of the note. For example, the largest banknote of 1000 rupees depicts the symbols of the economy and industry of India, and the smallest denomination of 5 rupees shows a person who cultivates land at sunrise.

Features of Indian Rupees

Indian rupee is converted only in limited quantities. For this reason, it is forbidden to export from the country. Indian national currency may only be exported to Sri Lanka, Bangladesh, Bhutan and Nepal. Do not be surprised that you will find holes on the surface of banknotes. The problem is that they are fastened in a bank with the help of staplers. Accordingly, the absence of holes on the bill is a sign fake money. If you break the rupee, they will not accept it anywhere in the glued form. The banknote can be exchanged at a certified exchange point, but with a certain commission. Money in the country is considered the personification of the goddess Lakshmi - do not handle it too carelessly.

Tip from Sravni.ru: We do not recommend changing the currency to rupees at the airport unless absolutely necessary - the rates there are usually extremely disadvantageous. Moreover, such exchange offices can be used to "get rid" of excess rupees at the end of the trip.