Buy, Sell Or Transfer US Dollar At The Best Rates In India
BookMyForex Compares forex rates across hundreds of banks and forex companies in your area and helps you discover the best rate for your forex requirement
Live US Dollar Exchange Rates
| USD Interbank Rate | ₹72.98 |
| USD Buying Rate | ₹73.1 |
| USD Selling Rate | ₹72.9322 |
| USD Remittance Rate | ₹73.36 |
The US Dollar is the currency of the United States of America (USA). USD or US Dollar is the most popular currency in the world because of the trade agreements that the US has with other currencies. US Dollar is the business currency of the world and hence, the most standard and widely used currency in the world. Because it is the most converted currency in the world, it is used as a benchmark in the foreign currency exchange market. Several countries use it as their official currency and in many other countries, it is the de facto currency. It is divided into 100 cents and is printed by Federal Reserve Bank.
US DOLLAR CURRENCY FACTS
| US DOllar Stats | USD Profile |
| Name : US Dollar | Nicknames: Greenback, Buck, Green, Dough, Smacker, Bones, Dead Presidents, Scrillas, Paper |
| Symbol : $ Cent: | Coins : Freq Used : 1, 5, 10, 25 Rarely Used : $1, 50 |
| Minor Unit : 1/100 = Cent | Banknotes : Freq Used : 1, 5, 10, 25 Rarely Used : $1, 50 |
| Central Bank Rate: 0.50 | Central Bank:Â Federal Reserve Bank Website: http://www.federalreserve.gov |
| Top USD Conversion: USD-EURO | Users: United States, America, American Samoa, British Indian Ocean Territory, British Virgin Islands etc. |
HISTORY OF US DOLLAR
It was in 1775, 240 years since the continental congress of the United States authorized the issuance of continental currency. 16 years later, on April 2, 1792, the United States Congress created the country's standard unit of money - The United States dollar which colloquially became American dollar. It might interest you to know that the word "dollar"- which is so popular had already been in common usage since the early colonial period. The eight-real coin (Spanish dollar) - the silver coin with 38 mm diameter minted in Spanish empire in 1598 was used by the Spanish throughout New Spain.
US DOLLAR-WORLDS PRIMARY RESERVE CURRENCY
The US Dollar’s popularity speaks for itself and can be used in tons of international transactions. In case you are not able to get your hands on the local currency where you are thinking of travelling, you can simply buy US Dollar in exchange for Indian Rupee. The US Dollar is arguably the most popular currency in the world. Since it is the worlds primary reserve currency, you can exchange your US Dollars for the local currency of the country you are in.
CONVERT DOLLAR TO RUPEE
Indian Rupee is exchanged for the US Dollar in a quite widespread manner. The fact which speaks volumes about why the exchange is so popular is that around 3.1 million NRIs are living in the USA. With such a large Indian population living in America, it is quite evident how much currency exchange must be happening. This is because currency rates, especially of products such as cash currency and traveller's cheques are priced based on a demand-supply relationship.
BUY USD in INR/ SELL USD in INR
The concept of demand and supply is relevant here as well. Since the US Dollar is so popular throughout the world and especially so much in India, the supply is sufficient. Due to the high demand, you will find different rates provided by vendors.
The authorised banks and money changers apply a number of charges on foreign exchange and the customer ends up paying a huge sum. They fail to give a fair deal to the customers more often than not and that’s where BookMyForex comes in. We have brought a revolution in foreign exchange by bringing the best rates possible to the customers. We have a tie-up with more than 5000 banks and money exchangers & provide the best rates. You can have an option to lock the currency rates for upto 3 days during volatile times.
STOP PAYING FOR FOREIGN EXCHANGE
With BookMyForex you don't have to pay any hidden fees or charges to convert Dollar to Rupee or vice versa. Buy Dollars or Sell dollars or any other foreign currency back into Indian rupees at best rates.
Frequently Asked Questions
You can easily book USD on the online platform of BookMyForex. Select your city and fill in your Forex requirements. You will be provided with the best and most competitive exchange rate provided by banks or local money exchangers in your city. After you select your preferred money exchanger or bank, you can either schedule a doorstep delivery or can directly collect your money from their location. You can keep a track of your order on our website until it is delivered or you have collected it from the vendor. You can expect the same day delivery for orders placed before 1 pm.
Indian students in the US can conveniently use the BookMyForex forex card, which has been launched in partnership with Yes Bank and Visa. This card has several features that benefit you in many ways:
- Â Â Â This Multi-Currency Card allows you to deal with as many as 16 currencies on the same Forex card.
- Â Â Â Â You can use your forex card without paying any extra charges over the interbank rates.
- Â Â Â Â The user can make single-tap, contactless payments at a POS terminal without any charge.
- Â Â Â Â In case you have lost your card, you can directly block your card instantly.
·     There are Zero issuance Fees on the card.
Buying or selling US dollars is possible with the submission of certain documents that are mandated by the RBI. These documents include your PAN Card, Indian Passport, confirmed Air ticket that indicates your travel plans within 60 days, and a Valid Visa. However, it is important to note that a Visa may not be required for every country. There are specific countries for which it is mandated.
You can exchange USD to INR in India at banks or RBI approved money changers. For money conversion at the banks, you need to have a bank account with them. They also charge a service fee, plus the exchange rate given by banks is not the best in the market. Approved money changers provide a little bit better exchange rates, and you also don’t need to have an account with them. The easiest way to exchange USD to INR in India is through the BookMyForex online foreign exchange portal. With us, you get the best exchange rates transparent and available live for all to see on our site. There are also no hidden fees.Â
