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India post goes for a makeover with new services

India post has signed an agreement with Eurogiro, a global network of banks and financial institutions, for direct money remittance through post offices. Indians working abroad will soon be able to send cash directly to their relatives at their doorsteps through the widespread postal network. “The department of posts will soon join the Eurogiro remittance network, allowing its customers to receive and send money on a par with the best banks in the world,” an official in the Ministry of Communications and IT said to Economic times. Under the proposed scheme, the payment will be made at the doorstep of the beneficiary, as against the existing practice followed by banks and other institutions asking them to come to their offices to collect the payment.

GBP – INR Forex rates on 12th June 2009

The GBP-INR FX rates as displayed by various Indian Online Money Transfer service providers are as per the below table -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 78.63	INR 77.90	0.92%	INR 0.73
HDFC Quick Remit	INR 78.63	INR 77.66	1.23%	INR 0.97
Remit2India	INR 78.63	INR 77.86	0.97%	INR 0.77
Money2India	INR 78.63	INR 77.28	1.71%	INR 1.35
Axis Remit	INR 78.63	INR 77.97	0.83%	INR 0.66
OnlineSBI	INR 78.63	INR 77.57	1.34%	INR 1.06
Bank of Baroda	INR 78.63	INR 76.96	2.12%	INR 1.67
CitiNRI	INR 78.63	INR 77.16	1.86%	INR 1.47

The rate are as of	1:07 PM	12-Jun-09

Disclaimer – The display rates shown in above are for illustration purposes and amy not be applicable to transactions process on the mentioned day or date. We do not claim any responsibility towards the correctness of the data presented here. The data has been colledcted from various websites and we do not solicit any transactions or remittances based on the above representation.

Foreign Exchange Rates for GBP-INR as of 29th May 09

The indicative rates displayed by various online money transfer service providers are as follows -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 76.44	INR 75.80	0.84%	INR 0.64
HDFC Quick Remit	INR 76.44	INR 74.98	1.91%	INR 1.46
Remit2India	INR 76.44	INR 74.65	2.34%	INR 1.79
Money2India	INR 76.44	INR 74.98	1.91%	INR 1.46
Axis Remit	INR 76.44	INR 75.10	1.75%	INR 1.34
OnlineSBI	INR 76.44	INR 75.52	1.20%	INR 0.92
CitiNRI	INR 76.44	INR 72.84	4.71%	INR 3.60
Bank of Baroda	INR 76.44	INR 74.98	1.91%	INR 1.46

The rate are as of	8:44 AM	29-May-09

Disclaimer: The rates are only indicative and displayed as per the display on the above mentioned time. This is subject to change during the course of the day due to foreign exchange fluctuations. Remittance Advisor™ or any of its affiliates take no responsibility/ownership of the data and in no way solicits the readers to make a choice based on the above rates. The readers are advised to check with the service providers prior to engaging into any commitment.

GBP – INR Fx Rates on 13 May 2009

The GBP to INR foreign exchange rates as displayed on various online money transfer services and banks -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 75.28	INR 74.70	0.77%	INR 0.58
HDFC Quick Remit	INR 75.28	INR 74.56	0.95%	INR 0.72
Remit2India	INR 75.28	INR 74.48	1.06%	INR 0.80
Money2India	INR 75.28	INR 74.35	1.23%	INR 0.93
Axis Remit	INR 75.28	INR 74.75	0.70%	INR 0.53
OnlineSBI	INR 75.28	INR 74.05	1.63%	INR 1.23
CitiNRI	INR 75.28	INR 72.84	3.24%	INR 2.44
Bank of Baroda	INR 75.28	INR 73.81	1.95%	INR 1.47

The rate are as of	9:11 AM	13-May-09

GBP to INR forex rates on 8 May 2009

The GBP to INR foreign exchange rates as displayed on various online money transfer services and banks -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 74.11	INR 74.00	0.14%	INR 0.11
HDFC Quick Remit	INR 74.11	INR 73.27	1.13%	INR 0.84
Remit2India	INR 74.11	INR 73.32	1.06%	INR 0.79
Money2India	INR 74.11	INR 73.34	1.03%	INR 0.77
Axis Remit	INR 74.11	INR 73.46	0.87%	INR 0.65
OnlineSBI	INR 74.11	INR 73.59	0.70%	INR 0.52
CitiNRI	INR 74.11	INR 72.72	1.87%	INR 1.39
Bank of Baroda	INR 74.11	INR 73.80	0.41%	INR 0.31

The rate are as of	10:52 AM	8-May-09

GBP-INR Foreign Exchange Rates on 7 May 09

The GBP to INR foreign exchange rates as displayed on various online money transfer services and banks -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 74.64	INR 74.00	0.86%	INR 0.64
HDFC Quick Remit	INR 74.64	INR 73.91	0.98%	INR 0.73
Remit2India	INR 74.64	INR 74.15	0.66%	INR 0.49
Money2India	INR 74.64	INR 73.34	1.75%	INR 1.30
Axis Remit	INR 74.64	INR 74.31	0.45%	INR 0.33
OnlineSBI	INR 74.64	INR 73.71	1.25%	INR 0.93
CitiNRI	INR 74.64	INR 72.84	2.42%	INR 1.80
Bank of Baroda	INR 74.64	INR 73.42	1.64%	INR 1.22

The rate are as of	10:46 AM	7-May-09

GBP-INR Foreign Exchange Rates on 6 May 09

UK to India Foreign Exchange Rates as displayed by Money Transfer Operators and Banks [GBP-INR] on 6^th May 2009 are -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 74.28	INR 73.70	0.78%	INR 0.58
HDFC Quick Remit	INR 74.28	INR 73.66	0.83%	INR 0.62
Remit2India	INR 74.28	INR 73.47	1.09%	INR 0.81
Money2India	INR 74.28	INR 73.34	1.27%	INR 0.94
Axis Remit	INR 74.28	INR 73.68	0.81%	INR 0.60
OnlineSBI	INR 74.28	INR 73.59	0.93%	INR 0.69
CitiNRI	INR 74.28	INR 72.84	1.94%	INR 1.44
Bank of Baroda	INR 74.28	INR 73.52	1.02%	INR 0.76

The rate are as of	9:41 AM	6-May-09

Note: The above rates are only indicative as per the websites and have no bearing on the actual transaction. Further, remittanceadvisor.com claims no responsibility over any discrepancy, omission or in-advent errors in data compilation. All data contained herein are, will and continue to be the property of the original publishers.

Fx Rates for remitting Money to India on 29 Apr 09

The forreign exchange rates as displayed on online money transfer operators for India are -

Operator	Inter Bank Rate	Display Rate	% Margin	Paise Margin
Barclays Online MT	INR 73.08	INR 73.20	-0.17%	-INR 0.12
HDFC Quick Remit	INR 73.08	INR 72.95	0.17%	INR 0.13
Remit2India	INR 73.08	INR 72.91	0.23%	INR 0.17
Money2India	INR 73.08	INR 72.00	1.48%	INR 1.08
Axis Remit	INR 73.08	INR 73.07	0.01%	INR 0.01
OnlineSBI	INR 73.08	INR 72.81	0.36%	INR 0.27
CitiNRI	INR 73.08	INR 72.20	1.20%	INR 0.88
Bank of Baroda	INR 73.08	INR 72.44	0.87%	INR 0.64

The rate are as of	8:18 AM	29-Apr-09

India’s Rupee May Advance to 47 in Six Months: Barclays

April 17 – India’s rupee may strengthen almost 6 percent to reach 47 a dollar in six months on better prospects for global growth and an increase in foreign investment, according to Barclays Plc.

Asia’s third-biggest economy may see a recovery in the three months ending Dec. 31, after the growth rate reaches a “bottom” in the prior quarter, helping the nation post a balance of payments surplus in the second half of the year, Sailesh Jha, an economist at the world’s third-largest currency trader, wrote in a research report dated yesterday. He had forecast last month that the rupee would drop to a record-low 56 by end-June.

“In our view, the government believes that the worst of the slowdown in growth is over,” Singapore-based Jha wrote. “The risks to our growth forecast are tilted to the upside versus our previous assessment of risks to the downside.”

The rupee traded at 49.77 per dollar as of 10:34 a.m. in Mumbai, according to data compiled by Bloomberg. It has rallied 5 percent since touching a record low of 52.185 on March 3.

The median estimate of 25 strategists surveyed by Bloomberg News is for the rupee to weaken to 50 by end-September and to reach 48.98 by the end of the year.

Click to continue reading “India’s Rupee May Advance to 47 in Six Months: Barclays”

$45 billion as remittances to India, fall predicted in 2009: World Bank

With migrant workers facing job losses, anti-migrant sentiment and even violence in the deepening global financial crisis, World Bank researchers predict remittances will fall to $290 billion in 2009, from last year’s high of $305 billion.

Remittances flowing to developing countries from Russia, South Africa, Malaysia and India are “especially vulnerable to the rolling economic crisis”, says the Bank’s revised Migration and Development Brief.

With a total of $45 billion, India was the top recipient of remittances in 2008. China came next with $34 billion followed by Mexico ($26 billion), Philippines ($18 billion) and Poland ($11 billion).

But even with a drop of between five and eight percent, remittances will still outstrip private capital flows, expected to fall by half in 2009, and official development aid, typically around $100 billion, the bank said.

Remittance flows will stay “resilient” because many countries have a well-established “stock” of migrants who are unlikely to leave their adopted countries.

Click to continue reading “$45 billion as remittances to India, fall predicted in 2009: World Bank”

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India post goes for a makeover with new services

GBP – INR Forex rates on 12th June 2009

The GBP-INR FX rates as displayed by various Indian Online Money Transfer service providers are as per the below table -

Foreign Exchange Rates for GBP-INR as of 29th May 09

GBP – INR Fx Rates on 13 May 2009

GBP to INR forex rates on 8 May 2009

GBP-INR Foreign Exchange Rates on 7 May 09

GBP-INR Foreign Exchange Rates on 6 May 09

Fx Rates for remitting Money to India on 29 Apr 09

The forreign exchange rates as displayed on online money transfer operators for India are -

India’s Rupee May Advance to 47 in Six Months: Barclays

$45 billion as remittances to India, fall predicted in 2009: World Bank

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