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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. 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.
It can be quite a pain for a customer to find out the Mauritius Rupee exchange rates today in Bhiwandi. BookMyForex is the first portal in India that provides live rates and actual Mauritius Rupee exchange rates today in Bhiwandi to exchange currency. The other option for customers is to lock-in the Mauritius Rupee exchange rates today in Bhiwandi by selecting the 'Freeze the rate' option on the website. 'Today's MUR rate in Bhiwandi' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Through the practice of 'today's MUR rate in Bhiwandi' 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 Mauritius Rupees are traded electronically worldwide. So the customers end up being at the losing end when 'today's MUR rate in Bhiwandi' is the basis for currency exchange.
The Company's entire suite of forex products includes MUR currency notes, MUR forex cards, MUR traveler's cheques or remittance products such as MUR demand drafts and MUR wire transfers.Orders are delivered by our own branches or by the branches of our channel partners in India.
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