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Instarem was incorporated based on the premise of instant online remittances. [6] By 2017, the company had begun to operate a cross-border payments platform targeted at business users, including banks and businesses. [7] [8] It opened offices in the UK, Hong Kong, Malaysia, acquiring Electronic Money Transfer licenses in Malaysia and the EU. It ...
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Indian rupee symbol in graphic form. The new sign is a combination of the Devanagari letter र ("ra") and the Latin capital letter R without its vertical bar. The parallel lines at the top (with white space between them) makes an allusion to the tricolour Indian flag and also depict an equality sign that symbolizes the nation's desire to reduce economic disparity.
Banknotes of the Indian rupee include: Lion Capital Series: Banknotes of the Indian rupee printed between 1962 and 2000.
Officially, the Indian rupee has a market-determined exchange rate. However, the Reserve Bank of India trades actively in the USD/INR currency market to impact effective exchange rates. Thus, the currency regime in place for the Indian rupee with respect to the US dollar is a de facto controlled exchange rate.
Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India.
The Malaysian ringgit (/ ˈ r ɪ ŋ ɡ ɪ t /; plural: ringgit; symbol: RM; currency code: MYR; Malay name: Ringgit Malaysia; formerly the Malaysian dollar) is the currency of Malaysia. Issued by the Central Bank of Malaysia , it is divided into 100 cents ( Malay : sen ).
The Indian Rupee was the legal currency in many countries of Arabian peninsula. Punjabi, Rajasthani, Sindhi, Baloch and Kashmiri Camel drivers were brought to Australia.