USD/INR Surge - Is Now a Good Time to Send Money to India? | CompareRemit
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USD/INR Surge - Is Now a Good Time to Send Money to India?

Updated on May 11, 2022 03:01 pm
usd to inr increasing

The USD to INR exchange rate is at an all time high as the dollar continues to strengthen against the Indian rupee. The USD to INR pair is in an upward trend, which presents an excellent opportunity for those looking to send money to loved ones in India. 

Taking advantage of an increasing USD to INR when transferring money overseas will allow you to receive more rupees for less dollars, meaning you get more bang for your buck. With many of our trusted remittance partners using mid-market rates for overseas exchange rates, you'll likely receive the highest possible USD to INR rate when you choose to send money to India now

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Related Article: How the US Dollar is Getting Stronger Against the Indian Rupee

With the dollar strengthening against the rupee, you'll be able to get the best value for your dollars when sending money to India. This means that now is the best time to send money to family or friends to make the most of the current exchange rate. 

How Do You Know You're Getting the Best USD/INR Exchange Rate?

When sending money to India, you have many options when choosing a transfer service. Using our online comparison tool, you can analyze multiple companies and find the best exchange rate along with the right transfer time, as well as discover any potential fees that may aid in your decision-making.

Will the US Dollar Continue to Strengthen Against the Indian Rupee?

According to multiple sources, the Reserve Bank of India is working hard to curb the depreciation of the rupee and is intervening to try to strengthen it against the dollar. However, many economists believe that the range will remain between 77-80 in the near future. 

Send Money to India Online Today

Don't miss out on an excellent time to send money to India, guaranteeing you the most rupees for your dollar while the USD to INR rate is surging. We invite you to use one of our reliable, reputed and trusted remittance providers to deliver happiness to your loved ones overseas. Compare the best rates, fees, speed, and more using our online INR to USD comparison tool while the exchange rate is in your favor!

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