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US Dollar Rates in Ludhiana

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.

US Dollar exchange rates today in Ludhiana are not really easy to find on any website. It is only BookMyForex that now provides live and real time US Dollar exchange rates today in Ludhiana. BookMyForex also allows you to lock-in the live US Dollar exchange rates today in Ludhiana to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as “today’s USD rate in Ludhiana”, which is not really the rate at which currency is exchanged. Through the practice of “today’s USD rate in Ludhiana” 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 US Dollars are traded electronically worldwide. So the concept of “today’s USD rate in Ludhiana” 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 offerings of forex and related services are already available across the country and include currency exchange, 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 the branches of ING Vysya bank and Axis bank, our banking partners in India.

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