Prices in India are low compared with the West, so there’s no need to take large amounts of cash. It’s also helpful to keep in mind that at exchange windows, you may need to provide identification. When you bring cash with you, make sure to bring bills that are clean and un-damaged (and not too large of a denomination) to ensure that the exchange service will accept them. This rule means you will need to deal with currency exchange once you arrive, as opposed to beforehand.Ĭarry a bit of cash for when you arrive in India, in case you can’t find an ATM. You are not allowed to take rupees in or out of India. Rupee coins are available in denominations of ₹1, ₹2, ₹5, ₹10.īanknotes in circulation come in denominations of ₹5, ₹10, ₹20, ₹50, ₹100, ₹500 and ₹1000. The modern rupee is divided into 100 paise. Characteristics of the Indian Rupee (INR) Symbols & Names This means that the rate is relatively controlled, in what is called a ‘managed float.’ You can check exact exchange rates before you leave for your trip through a simple Google search. The rupee has a market-determined exchange rate, but it trades in the USD/INR currency market. The Indian Rupee is the official currency of India. Read on for tips on currency exchange, Indian banks, and how to spend wisely on your trip. If you’re traveling to India, you may not be familiar with the country’s complex banking practices.
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