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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. BookMyForex, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
It can be quite a pain for a customer to find out the Indonesian Rupiah exchange rates today in Faridkot. It is only BookMyForex that now provides live and real time Indonesian Rupiah exchange rates today in Faridkot. BookMyForex also allows you to lock-in the live Indonesian Rupiah exchange rates today in Faridkot to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's IDR rate in Faridkot', which is not really the rate at which currency is exchanged. Through the practice of 'today's IDR rate in Faridkot' the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Indonesian Rupiahs are traded electronically worldwide. So the concept of 'today's IDR rate in Faridkot' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company's offerings of forex and related services are already available across the country and include currency exchange, IDR currency notes, IDR forex cards, IDR traveler's cheques or remittance products such as IDR demand drafts and IDR 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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