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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.
Indonesian Rupiah exchange rates today in Tinsukia are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Indonesian Rupiah exchange rates today in Tinsukia to exchange currency. You also have the option to lock-in the Indonesian Rupiah exchange rates today in Tinsukia to exchange currency by using the 'Freeze the rate' option on the website. Other currency exchangers and websites use the base rate or interbank rate as 'today's IDR rate in Tinsukia', which isn't actually the rate at which currency is exchanged. Through the practice of 'today's IDR rate in Tinsukia' 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 Tinsukia' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes 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 the branches of our channel partners in India.
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