Forex US Dollar (USD) is the currency of United States of America, currency symbol "$".One US Dollar is equal to 100 cents. The Dollar is the currency used in British Indian Ocean Territory, Ecuador, El Salvador, Guam, Marshall Islands, Micronesia, Northern Mariana Islands, Palau, Puerto Rico, Samoa (American), United States, Virgin Islands (US) and Virgin Islands (UK). Indian Rupee (INR) is the currency of India, currency symbol "Rs". The Rupee is divided into 100 paise. Now a symbol for Rupee has been given and will take some time before this symbol is available in all the keyboards.
For 2011, one American Dollar has equalled
average: ₨ 45.037
minimum: ₨ 43.879
maximum: ₨ 47.710
Below is the current currency exchange rates for USD vs INR or USD to INR. Notes:Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and May be delayed. This widget is covering all the major currencies of the world namely dollar, pound, Japanese Yen, Canadian dollar and Euro etc..
The Reserve Bank of India (RBI) has cautioned Indian investors and banks against illegal overseas foreign exchange trading through internet and electronic trading portals which offer “guaranteed high returns”.The advertisements by these internet/online portals exhort people to trade in forex by way of paying the initial investment amount in Indian rupees,” the RBI said in a circular. The public is being asked to make the margin payments for such online forex trading transactions through credit cards/deposits in various accounts maintained with banks in India. Thus start trading in forex market only after due diligence and do not get on to the wrong side of the law as any wrong transfer of overseas money means one can be in FEMA net. Make sure that you trade only through registered brokers who are authorised for forex trading in India. RBI has even asked banks to open such accounts for money transfer with due diligence and probably that is the reason that funds transfer through Paypal has become so difficult in India.
You can get more information about this segment of trading by searching on the google with following keywords