Indian rupees

superstar_2

Where is the best place to get indian rupees? Is it better to get it here or when i arrive in India? Some say, its better to bring USD there and that will get you a better rate, which is true?

Many thanks.

dzug1

superstar wrote: »

Some say, its better to bring USD there and that will get you a better rate, which is true?

Many thanks.

That may or not be true - but even if it is it will cost you a significant amount to get those $$ in the first place. Once you've factored that in any possible saving evaporates.

Voyager2002

Get them in India. Cash machines work with a Nationwide card, or you can easily exchange pound notes once you are there.

superstar_2

Voyager2002 wrote: »

Get them in India. Cash machines work with a Nationwide card, or you can easily exchange pound notes once you are there.

I know, but i dont have nationwide card and have 2 days to go.

Tojo_Ralph

...
The Indian Rupee is a a closed currency, therefore as far as I know one cannot legally trade rupee outside India..... Or carry it into/out of the country.

With regards to taking $USD V GBP, I did not note any real difference in the relative exchange rates on a recent trip, therefore I'd go with taking whatever you have be it $USD or GBP (English notes), with the usual caveat to take clean unmarked notes.

Any

Tojo_Ralph wrote: »

...
The Indian Rupee is a a closed currency, therefore as far as I know one cannot legally trade rupee outside India..... Or carry it into/out of the country.

With regards to taking $USD V GBP, I did not note any real difference in the relative exchange rates on a recent trip, therefore I'd go with taking whatever you have be it $USD or GBP (English notes), with the usual caveat to take clean unmarked notes.

I've been to India in February and from my own experience I 100% agree with this post.

pappuyogs

Tojo_Ralph wrote: »

...
The Indian Rupee is a a closed currency, therefore as far as I know one cannot legally trade rupee outside India..... Or carry it into/out of the country.

With regards to taking $USD V GBP, I did not note any real difference in the relative exchange rates on a recent trip, therefore I'd go with taking whatever you have be it $USD or GBP (English notes), with the usual caveat to take clean unmarked notes.

Completely agree. But I would definitely call and check State Bank of India in London (www(dot)sbilondon(dot)com). They are India's largest bank and their rates are much better. Not sure if they require you to have an account with them, but they charge no commission.

If it doesn't work, best to carry currency in GBP and exchange at Indian Nationalised Banks as they tend to offer better rates. Many private banks offer great rates too (ICICI Bank, HDFC, Citibank, HSBC etc).

superstar_2

Any wrote: »

I've been to India in February and from my own experience I 100% agree with this post.

Did you bring any indian rupees in?


PS: Thanks for all the replies so far.

Any

superstar wrote: »

Did you bring any indian rupees in?


PS: Thanks for all the replies so far.

No.
It's closed currency and I certainly wouldn't risk to bring cash over there... I wasn't sure I wanted to find out what would happen if they found out I have cash on me.

littlereddevil

Oh dear I have some rupees left from ages ago. Anywhere I can change them ?

Tojo_Ralph

littlereddevil wrote: »

Oh dear I have some rupees left from ages ago. Anywhere I can change them ?

India...:whistle:...........