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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. BookMyForex, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
Finding the US Dollar exchange rates today in Karimnagar used to be a challenge until BookMyForex came into the picture. But not anymore?Live and real time US Dollar exchange rates today in Karimnagar are now available on BookMyForex for currency exchange. You also have the option to lock-in the US Dollar exchange rates today in Karimnagar 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 USD rate in Karimnagar?, which isn?t actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called ?today?s USD rate in Karimnagar? because the forex dealers have to keep high margins to avoid any losses on account of USD price fluctuation in the global market. So the concept of ?today?s USD rate in Karimnagar? is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company?s entire suite of forex products includes USD currency notes, USD forex cards, USD traveler?s cheques or remittance products such as USD demand drafts and USD wire transfers.Orders are delivered at our own branches or at our banking partners? branches, viz. Axis Bank and ING Vysya Bank, across India.
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