Exchange rates used for currency conversion updated on 06th May 2015 ( 06/05/2015 )
Below you will find the latest exchange rate for exchanging Indian Rupee (INR) to Euro (EUR) , a table containing most common conversions and a chart with the pair's evolution.
The Indian Rupee (INR) to Euro (EUR) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
Under the monetary policy of the Reserve Bank of India (RBI) the INR, Indian rupee, having once been held back by a centrally planned economy it is increasing its presence in world currency markets as the central planning and controls are released and the Indian economy is released, embracing the free markets. The INR is a floats against a basket of goods and other currencies and it is increasing in worldwide importance as the underlying economy grows and the RBI continues to focus on price stability and the general well being of the country.
About Euro (EUR)
Governed by the Eurosystem, comprised of the European Central Bank and the central banks of each represented member state, the euro is a currency that reflects an aggregate of 17 of the 27 European Union member states. It is the second most used world reserve currency, involved in over 20% of traded currency pairs, used by over 500 million people worldwide, the largest worldwide currency in circulation, and its member states represent 14.6% of world GDP.