1 USD+JAI = 82.87 INR Interbank/ mid-market Rate at: 01-03-2024 12:58:50
Customers looking for forex rates have to constantly struggle to find the actual US Dollar rate in Jaipur. This is because most websites only provide the base rate or the interbank rate on their websites while the rate they charge at the time of currency conversion includes a hefty mark-up fee over the interbank rates. Also, banks provide foreign exchange at a fixed rate for the day in the name of "Today's US Dollar Rate in Jaipur" which could be significantly higher than the interbank rate. With BookMyForex now in the market, this is no longer a challenge.
BookMyForex provides live and real-time US Dollar exchange rate today in Jaipur. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live US Dollar exchange rates today in Jaipur by using the “Rate Freeze” option on the website.
BookMyForex provides an umbrella of forex related products & services that include USD currency notes, USD forex cards, USD traveller’s cheques, money transfer and remittance services. rders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s USD rate in Jaipur”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience.
As per the guidelines mandated by the Reserve Bank of India, individual customers require documents which include traveller’s passport, visa, air ticket and PAN details to execute any transaction related to foreign exchange.
However, in order to provide a hassle-free experience to its customers, BookMyForex provides the facility to upload these documents online from the comfort of their homes. Once you have uploaded the documents, you will be redirected to the payment page. You can also opt for doorstep delivery of foreign exchange on the successful completion of your order.
Foreign currency markets are regulated by the RBI under the Foreign Exchange Management Act (FEMA, 1999). As per the Liberalized Remittance Scheme (LRS) of RBI, if you are an individual and travelling abroad for purposes such as leisure, business travel etc. you can consume foreign currency upto 2.5 lakh US dollar equivalent in a financial year.
The concept of “today’s US Dollar rate in Jaipur” is a misnomer as local money changers provide fixed forex rates and only benefit the currency exchangers to earn them higher revenues. Because the USD is traded across the world electronically just like stocks, its prices also fluctuate. Customers are simply being taken for a ride and exploited when foreign exchange dealers base their forex rates on “today’s USD rate in Jaipur”.
As you must be knowing that the currency exchange market is highly volatile and therefore, money changers providing currency exchange facilities charge higher margins to protect themselves against the price fluctuations which ultimately hampers the customers in form of increased costs. Customer interests are better protected when they are allowed to book their foreign exchange orders at dynamic rates.