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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Finding the Chinese Yuan exchange rates today in Patna used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Chinese Yuan exchange rates today in Patna to exchange currency. The other option for customers is to lock-in the Chinese Yuan exchange rates today in Patna by selecting the 'Freeze the rate' option on the website. 'Today's CNY rate in Patna' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Forex dealers keep a significant margin over and above 'today's CNY rate in Patna' to hedge against any CNY price fluctuation in the global market. So the customers end up being at the losing end when 'today's CNY rate in Patna' is the basis for currency exchange.
The Company's entire suite of forex products includes CNY currency notes, CNY forex cards, CNY traveler's cheques or remittance products such as CNY demand drafts and CNY wire transfers.Orders are delivered by our own branches or by one of our several hundred channel partner locations, across India.
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