Acceptance of US Dollars in India?
I will be travelling to India in January, and wonder how to cope with the tough access to local cash right now. People recommend using Uber for taxi, but how to proceed when you hire car with driver for several days. Would they accept US dollars as a payment?
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Are US dollars accepted in India?
Tip: The US dollar is also widely accepted in India, but it is still recommended to get some rupees of small denominations which can be used in remote areas where the US dollar may not be accepted.How much US dollars can I keep in India?
You can bring into India foreign exchange without any limit. If, however, the value of foreign currency in cash exceeds US$ 5,000 and/or the cash plus TCs exceed US$ 10,000 it should be declared to the customs authorities at the airport in the currency declaration form (CDF), on arrival in India.Do Indian banks accept dollars?
The RBI said the Resident Foreign Currency (Domestic) Account can be opened with a licensed bank which is also an authorised dealer in foreign exchange. By this criteria, most of the banks would be able to offer the dollar account facility to their clients.Where can I exchange US dollars in India?
Currency exchange in India can be done through Banks (AD-I licence by RBI), and Money Changers(Both AD-II and FFMC licence holders).Why is Indian Rupee falling? | Mystery of Rising Dollar Prices | Abhi and Niyu
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
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