Selling Rate Of Canadian Dollar In India Today
The Canadian dollar is the official currency of Canada and is abbreviated as CAD. It is one of the most traded currencies in the world, and its value is affected by various factors such as economic stability, political events, and market trends. In this article, we will discuss the selling rate of Canadian dollar in India today.
Current Selling Rate
As of today, the selling rate of Canadian dollar in India is ₹56.98. This means that if you want to exchange 1 Canadian dollar, you will get ₹56.98 in return. The selling rate is subject to change depending on the market conditions and can fluctuate throughout the day.
Factors Affecting the Selling Rate
The selling rate of Canadian dollar in India is affected by various factors such as:
- Global Market Trends: The selling rate of Canadian dollar is affected by the global market trends. If the demand for Canadian dollar is high in the global market, its selling rate in India will also increase.
- Oil Prices: Canada is one of the largest exporters of oil in the world. Therefore, the selling rate of Canadian dollar is directly proportional to the oil prices. If the oil prices increase, the selling rate of Canadian dollar in India will also increase.
- Economic Stability: The economic stability of Canada also affects the selling rate of Canadian dollar in India. If the economy of Canada is stable, its currency will be in demand, and its selling rate in India will also increase.
- Political Events: Political events such as elections, wars, and political instability can also affect the selling rate of Canadian dollar in India.
How to Exchange Canadian Dollar in India
If you want to exchange Canadian dollar in India, you can do so through various authorized dealers such as banks and money exchange companies. You will need to provide your identification documents such as passport, visa, and address proof to complete the transaction.
Conclusion
The selling rate of Canadian dollar in India is subject to change depending on various factors such as global market trends, oil prices, economic stability, and political events. If you want to exchange Canadian dollar in India, you can do so through authorized dealers such as banks and money exchange companies. Always keep an eye on the market trends to get the best selling rate.