Current Price Of Canadian Dollar In Indian Rupees
The Canadian dollar, also known as CAD, is the official currency of Canada. On the other hand, the Indian rupee, also known as INR, is the official currency of India. The exchange rate between these two currencies is constantly changing, and it is important to keep track of the current price of Canadian dollar in Indian rupees if you are planning to travel to India or do business with Indian companies.
Factors Affecting the Exchange Rate
The exchange rate between Canadian dollar and Indian rupees is affected by several factors, including the economic performance of both countries, political stability, inflation rates, interest rates, and global economic trends. For example, if the Canadian economy is doing well, the demand for Canadian dollar will increase, and the exchange rate will go up. Similarly, if the Indian economy is doing well, the demand for Indian rupees will increase, and the exchange rate will go up.
Current Exchange Rate
As of September 2021, the current price of Canadian dollar in Indian rupees is approximately 60.86 INR for 1 CAD. This means that if you want to convert 1 Canadian dollar to Indian rupees, you will get approximately 60.86 INR. However, it is important to note that the exchange rate can fluctuate on a daily basis, and it is advisable to check the current exchange rate before making any transactions.
How to Convert Canadian Dollar to Indian Rupees
If you want to convert Canadian dollar to Indian rupees, there are several ways to do so. You can use online currency converters, such as XE, Oanda, or Google Finance, to get the current exchange rate and convert your money. You can also visit a bank or a money exchange center to convert your Canadian dollars into Indian rupees. However, it is important to compare the exchange rates offered by different providers and choose the one that offers the best rate.
Impact on Trade and Travel
The exchange rate between Canadian dollar and Indian rupees can have a significant impact on trade and travel between these two countries. If the exchange rate is favorable, it can encourage more trade and investment between Canada and India. It can also make it more affordable for Canadians to travel to India and for Indians to travel to Canada. However, if the exchange rate is unfavorable, it can make it more expensive for Canadians to do business with Indian companies or to travel to India.
Conclusion
The current price of Canadian dollar in Indian rupees is an important factor to consider when doing business with Indian companies or traveling to India. The exchange rate is affected by several factors, including economic performance, political stability, and global economic trends. It is advisable to keep track of the current exchange rate and compare the rates offered by different providers before making any transactions.