Your question: Where can I convert rupees to dollars in India?

How can I convert rupees to dollars?

You can send money from India to the US via the Western Union online service. Visit their website and register to initiate the transfer and pay via your bank account. Your recipient will get the money directly in their bank account. The service time is one business day and the transaction can be tracked online.

Which bank gives best exchange rates from rupee to dollar?

Let’s take a look at which banks give the best exchange rates from India to USA.

  1. ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA. …
  2. SBI Express Remit. …
  3. HDFC Bank – Quick Remit. …
  4. Axis Remit. …
  5. Click2Remit. …
  6. BarodaRemitXpress. …
  7. IndRemit. …
  8. IndusFastRemit.

Where can I get dollars in India?

HDFC Bank branches have forex services that let you buy foreign cash in 22 major currencies. Go to a forex dealer or travel agent: Similarly, you can buy foreign exchange from your travel agent. You can also buy foreign exchange from Reserve Bank of India (RBI)-authorised foreign exchange dealers.

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Can I save money in dollars in India?

A person resident in India can open a foreign currency account in India with an authorised dealer. It is opened, held and maintained in the form of a current or savings or term deposit account.

How can I receive money from USA?

5 Smart Ways to Receive International Payments

  1. A Multi-Currency Account.
  2. Online Payment Gateways.
  3. PayPal.
  4. A Bank Transfer Minus the Bank.
  5. Bitcoin.

How much does it cost to transfer money from India to USA?

To send money in INR to the United States, you pay a small, flat fee of 75.2 INR + 1.78% of the amount that’s converted (you’ll always see the total cost upfront).

How much does it cost to transfer money to the United States from India?

Wise Fees
Fixed fee 75.2 INR
% fee for transfers up to 9,974,510 INR 1.78%

How much is $1 US in India?

US dollars to Indian rupees conversion table

amount convert Result
1 USD USD 74.38 INR
2 USD USD 148.76 INR
3 USD USD 223.14 INR
4 USD USD 297.52 INR

Which country dollar is highest in India?

Abbreviated to KWD, Kuwaiti Dinar is commonly used in oil based transactions in Middle East. KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 242.67 INR.

Is it legal to buy dollars in India?

In terms of Section 5 of the FEMA, persons resident in India1are free to buy or sell foreign exchange for any current account transaction except for those transactions for which drawal of foreign exchange has been prohibited by Central Government, such as remittance out of lottery winnings; remittance of income from …

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How can I invest in US dollars in India?

How to directly invest in US stocks from India? You can invest in the US stock market directly by opening an overseas trading account with a domestic or foreign broker. Be mindful of the charges before you pick the best app to invest in US stocks from india.

Can you buy dollars with cash?

Although it is allowed to buy foreign currency using cash, there is a limit beyond which one should not use cash for purchasing these assets. New Delhi: Earlier many high-value cash transactions were getting unnoticed by the Income Tax Department. … This includes cash transactions for purchasing foreign currency as well.