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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.
It can be quite a pain for a customer to find out the Saudi Riyal exchange rates today in Cuddalore. BookMyForex is the first portal in India that provides live rates and actual Saudi Riyal exchange rates today in Cuddalore to exchange currency. BookMyForex also allows you to lock-in the live Saudi Riyal exchange rates today in Cuddalore to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as ?today?s SAR rate in Cuddalore?, which is not really the rate at which currency is exchanged. Through the practice of ?today?s SAR rate in Cuddalore? 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 Saudi Riyals are traded electronically worldwide. So the customers end up being at the losing end when ?today?s SAR rate in Cuddalore? is the basis for currency exchange.
The Company?s offerings of forex and related services are already available across the country and include currency exchange, SAR currency notes, SAR forex cards, SAR traveler?s cheques or remittance products such as SAR demand drafts and SAR wire transfers.Orders are delivered at our own branches or at the branches of ING Vysya bank and Axis bank, our banking partners in India.
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