Which foreign currencies can be used to exchange for INR in India?
Is there a preferred foreign currency to bring to India to exchange for the Indian Rupee? I understand that USD is the preferred currency in most countries, but is it OK to bring CAD?
Will cab drivers or guides accept USD or CAD as tips if no Indian Rupee is available on hand?
Best Answer
USD is definitely preferred, but Euro is also accepted widely. Agencies that involve in exchanging money also usually accept Australian as well as Canadian Dollars.
Cab Drivers/Guides/Shops usually do not accept foreign currency.
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Can foreign currency be used in India?
You must declare foreign currency to the Indian Customs authorities using the Currency Declaration Form if you bring more than USD 5,000 cash or its equivalent in another currency or is more than USD 10,000 or its equivalent in any other currency either in cash, a forex card or traveller's cheques.What currencies are accepted in India?
The currency of India is the Indian rupee (INR). There are restrictions on bringing Indian rupees into India. Visitors, including tourists, are not permitted to bring any amount of Indian currency into the country. If you're resident in India, you can bring up to INR 25,000 into the country.How can I exchange foreign coins in India?
Indian banks: The RBI regulated banks are legally permitted to buy or sell foreign currencies. You are eligible to exchange Foreign Currency only If you have an NRO Account, with any Indian bank. If you have an NRO Account with ICICI Bank, you can easily get the Foreign Exchange in India.Where can I exchange USD for INR?
Exchange at the Airport in the U.S. One of the easiest ways to exchange money from dollars into Indian rupees is at an exchange booth before traveling to India. This can be done right at the international airport. Many airports have currency exchange booths where travelers can easily get the currency they need.How to do Currency Exchange in India? How to exchange currency in Bank?
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