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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.
Finding the US Dollar rates today in Sujangarh used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual US Dollar exchange rates today in Sujangarh to exchange currency. The other option for customers is to lock-in the US Dollar exchange rates today in Sujangarh by selecting the “Freeze the rate” option on the website. “Today’s USD rate in Sujangarh” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Forex dealers keep a significant margin over and above “today’s USD rate in Sujangarh” to hedge against any USD price fluctuation in the global market. So the norm of “today’s USD rate in Sujangarh” is just an easy way for forex dealers to make a few extra bucks.
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 all Axis Bank and ING Vysya Bank branches, which are our PAN India banking partners.
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