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-   -   The Rupee (https://britishexpats.com/forum/goa-170/rupee-563104/)

enfield951 Sep 22nd 2008 3:06 pm

The Rupee
 
A good time to buy some rupees for the coming season ,at present it is around the 84 to the £ mark.
:thumbup::thumbup:

willb Sep 22nd 2008 3:57 pm

Re: The Rupee
 
Live rates at 2008.09.23 03:54:17 UTC

1.00 GBP = 84.6069 INR

United Kingdom Pounds India Rupees

1 GBP = 84.6069 INR 1 INR = 0.0118194 GBP

hemingway Sep 22nd 2008 6:17 pm

Re: The Rupee
 

Originally Posted by enfield951 (Post 6810162)
A good time to buy some rupees for the coming season ,at present it is around the 84 to the £ mark. :thumbup:

Enfield, When you say 'buy' - do you mean send some 'sterling' from the UK (or where ever) to your Indian bank account? I thought that was the way to do it or am I missing a trick?

Hemingway.

enfield951 Sep 22nd 2008 7:03 pm

Re: The Rupee
 
Depends where you are in the World,I suppose.
Sending sterling to your Indian bank account from the UK has the same effect.
Just making the point it's high at the moment.
Can't really see you missing a trick old son, far too wiley, and a Yorkie as well !
;);)

morse Sep 22nd 2008 8:20 pm

Re: The Rupee
 

Originally Posted by hemingway (Post 6810463)
Enfield, When you say 'buy' - do you mean send some 'sterling' from the UK (or where ever) to your Indian bank account? I thought that was the way to do it or am I missing a trick?

Hemingway.


bABU will put you right - it costs at least £25 to send it from here. Anyway, we are not supposed to have bank accounts out there :rofl:

enfield951 Sep 22nd 2008 9:18 pm

Re: The Rupee
 
Why shouldn't we have a bank account,I have two, one since 1995 ?
I regularly transfer money from the UK with no problems ,and also invest a few lakhs at 10% for up to 12 months at a time.
:ohmy::ohmy:

Honey Bee Sep 22nd 2008 11:35 pm

Re: The Rupee
 

Originally Posted by enfield951 (Post 6810857)
Why shouldn't we have a bank account,I have two, one since 1995 ?
I regularly transfer money from the UK with no problems ,and also invest a few lakhs at 10% for up to 12 months at a time.
:ohmy::ohmy:

Yes we have two as well, but I think if you read back to one of Douglas's threads, we are not supposed to have our individual accounts. Even more so now we have not got our 5 year x. We transfer money no problem BUT I am sure I too have read it that like owning our own property we should not have bank accounts :rofl::rofl::rofl: Oh well! here we go again.

babu1 Sep 22nd 2008 11:41 pm

Re: The Rupee
 
Hi Morse,

We use money2india online transfer to ICICI India without transfer charge, and you get the daily interbank forex rate. Also, the transfer is trackable online. You can transfer to other banks in India using ICICI's facility, but think there may be a charge.

Agree with enfield, exchange rate picking up nicely, more rupees to the pound up in line with dollar weakening. Quoting £1 = 85.1465 as I type. Was as low as 77 R/-at one point last season, and briefly touched an 88 R/- high some months before that. :D

Likewise, have 2 bank accounts there without problem, but don't think it's really worth it on the 12% interest when declared inflation in India is running at 13% (and more in Goa), unless you take advantage of currency fluctuations, and that would involve the hassles of repatriation of funds.

The 20% costs (£25 you cited) I think you're referring to are when you make a cash withdrawl from a UK ATM using an Indian card. You lose about 20% on the transaction, most of which is tax, the rest on the poor rate of conversion.

Am sitting on the sidelines to transfer to India, but have a feeling the exchange rate might nudge up a little more, even better if you are sending Foreign Exchange to India (i.e selling pounds; buying rupees).:);)

ICICI UK have a nice 7.2% Hi Save 12 month lock in at the moment if you're looking for a safe haven for cash in the UK, and RBS have a 7.25% 12 month Cash mini Isa (variable with B of E base rates); £3.600 allowance. Otherwise, there's money to be made in these turbulent markets.

IMHO, it's a disgrace that they banned "short selling"on financials; the only way to hedge your lossses if you're actually holding stock, depreciating in value.

Seems like incompetent risk takers in the UK and US are getting big rewards for their failure, while the ordinary tax payer, small invester, home owner, suffers and foots the bill.:ohmy::frown:

enfield951 Sep 23rd 2008 1:07 am

Re: The Rupee
 

Originally Posted by Honey Bee (Post 6811335)
Yes we have two as well, but I think if you read back to one of Douglas's threads, we are not supposed to have our individual accounts. Even more so now we have not got our 5 year x. We transfer money no problem BUT I am sure I too have read it that like owning our own property we should not have bank accounts :rofl::rofl::rofl: Oh well! here we go again.

We are lucky in as much as we still have 2 years and 3 months left on our 5 year X's,plus our little pink residents book.
Not sure if we'd be contravening banking regs. without them ?
Fiscally Yours ;)

Daff Sep 23rd 2008 1:44 am

Re: The Rupee
 

Originally Posted by Honey Bee (Post 6811335)
Yes we have two as well, but I think if you read back to one of Douglas's threads, we are not supposed to have our individual accounts. Even more so now we have not got our 5 year x. We transfer money no problem BUT I am sure I too have read it that like owning our own property we should not have bank accounts :rofl::rofl::rofl: Oh well! here we go again.

We opened a personal account in 2007 at Centurion Bank of Punjab while on a tourist visa as did several of our friends at the same time. None of us were ever told that it was illegal :thumbdown:. We were told we could not open a business account on a tourist visa but not a personal one. Have we broken yet another law without knowing it????:eek::eek::curse:

enfield951 Sep 23rd 2008 2:06 am

Re: The Rupee
 
Have you noticed that the Centurion Bank was taken over by HDFC in May ?
Continuing as seperate entities for the time being.
:)

Daff Sep 23rd 2008 2:54 am

Re: The Rupee
 

Originally Posted by enfield951 (Post 6812022)
Have you noticed that the Centurion Bank was taken over by HDFC in May ?
Continuing as seperate entities for the time being.
:)

No Enfield we hadn't but that probably explains why we had an urgent demand from the bank for a copy of our current visas as the ones we used to open the account had run out and they were needed for audit purposes:huh: When we pointed out that they were only valid for 6 months all went silent. :blink:
Thanks for the info.

ANDYRU Sep 23rd 2008 3:17 am

Re: The Rupee
 

Originally Posted by enfield951 (Post 6810162)
A good time to buy some rupees for the coming season ,at present it is around the 84 to the £ mark.
:thumbup::thumbup:

Not good for me, who is hoping to send his rupees back home:(

old man Sep 23rd 2008 3:52 am

Re: The Rupee
 

Originally Posted by ANDYRU (Post 6812268)
Not good for me, who is hoping to send his rupees back home:(

Sorry Andy, but you can please some of the people some of the time, but not all the people all of the time.

Could you not find a friend and change some rupees for £1. down the shack!

oops! naughty. :thumbsup:

ANDYRU Sep 23rd 2008 4:29 am

Re: The Rupee
 

Originally Posted by old man (Post 6812386)
Sorry Andy, but you can please some of the people some of the time, but not all the people all of the time.

Could you not find a friend and change some rupees for £1. down the shack!

oops! naughty. :thumbsup:

Me thinks I am cursed with the bad rate virus:lol: Everytime I have sent monies over to Goa the rate has been abysmal. I lost a packet on the largest chunk of the monies when we 'bought'. Now it looks like the same will happen again on its way back.:unsure:

morse Sep 23rd 2008 5:50 am

Re: The Rupee
 

Originally Posted by ANDYRU (Post 6812456)
Me thinks I am cursed with the bad rate virus:lol: Everytime I have sent monies over to Goa the rate has been abysmal. I lost a packet on the largest chunk of the monies when we 'bought'. Now it looks like the same will happen again on its way back.:unsure:

Be thankful if you get your money back :thumbup: we also bought at 65 :eek: but that is life.

enfield951 Oct 22nd 2008 4:38 pm

Re: The Rupee
 
Told you to get some Rupees a month ago !
Now just Rs.78 to the British Pound in Calangute today !
PS I didn't either !
;);)

noni Oct 22nd 2008 4:47 pm

Re: The Rupee
 

Originally Posted by enfield951 (Post 6901624)
Told you to get some Rupees a month ago !
Now just Rs.78 to the British Pound in Calangute today !
PS I didn't either !
;);)

Enfield - took a gamble last week with holiday funds - 83+ :thumbsup:

For once something has gone my way.

enfield951 Oct 23rd 2008 1:58 am

Re: The Rupee
 
Well done,glad someone did something right in this financial jungle .

:thumbup::thumbup:

Milward Oct 23rd 2008 3:43 am

Re: The Rupee
 
I think by nov - dec the conversion rate will be in the range of USD$1 = Rs.54 -56

http://finance.yahoo.com/currency/co...INR&amt=1&t=3m

http://www.kshitij.com/graphgallery/spotpre.shtml

Rs. 49 will act as a good support for this breakout

noni Oct 23rd 2008 4:01 am

Re: The Rupee
 

Originally Posted by Milward (Post 6902986)
I think by nov - dec the conversion rate will be in the range of USD$1 = Rs.54 -56

http://finance.yahoo.com/currency/co...INR&amt=1&t=3m

http://www.kshitij.com/graphgallery/spotpre.shtml

Rs. 49 will act as a good support for this breakout

Milward = it is late, I am tired, in plain English, this is an British Expat site how much is that in sterling. Sorry that I am so thick.

johnny five Oct 23rd 2008 4:40 am

Re: The Rupee
 
Just in case our darling Milward does not have time to answer this pressing international finance question in between putting the entire world to rights I thought I might try to help him out a bit, so here goes............

Dear gangling up on me peoples,
Its right isnt it not. Here is at the other side two. If dollar is that side the UK pownd is other side. All stirling is not because talking not you are no-ing, if you were you wood not be saying. It is at least twice what you say well you are out of date and not here, but neither am I. Long string of links, isnt it will follow and clarify confusion caused not intentionally, isnt it?
Love from Milwart

Hope this has saved a little time for our busy international expert, thus allowing him more time to p**s more people off...............

hemingway Oct 23rd 2008 4:47 am

Re: The Rupee
 

Originally Posted by johnny five (Post 6903254)
Just in case our darling Milward does not have time to answer this pressing international finance question in between putting the entire world to rights I thought I might try to help him out a bit, so here goes............

Dear gangling up on me peoples,
Its right isnt it not. Here is at the other side two. If dollar is that side the UK pownd is other side. All stirling is not because talking not you are no-ing, if you were you wood not be saying. It is at least twice what you say well you are out of date and not here, but neither am I. Long string of links, isnt it will follow and clarify confusion caused not intentionally, isnt it?
Love from Milwart

Hope this has saved a little time for our busy international expert, thus allowing him more time to p**s more people off...............

:rofl::rofl::rofl: P M S L :rofl::rofl::rofl:

Very funny. . . . . .

Hemingway

Return of Santan Oct 23rd 2008 4:48 am

Re: The Rupee
 
Have a look at www.currenciesdirect.com go to "currency charts"

then "pick your own pairing" choose "INR" and you can get current rates and historical rates for various periods, e.g 1 day, 3 day, 1 month etc

K-C :thumbsup:

( or just for you Noni if E = MC2 an Pye R2 then £1GBP = 1 Kingfisher ! )

xxx K-C

river gipsy Oct 23rd 2008 7:57 am

Re: The Rupee
 

Originally Posted by johnny five (Post 6903254)
Just in case our darling Milward does not have time to answer this pressing international finance question in between putting the entire world to rights I thought I might try to help him out a bit, so here goes............

Dear gangling up on me peoples,
Its right isnt it not. Here is at the other side two. If dollar is that side the UK pownd is other side. All stirling is not because talking not you are no-ing, if you were you wood not be saying. It is at least twice what you say well you are out of date and not here, but neither am I. Long string of links, isnt it will follow and clarify confusion caused not intentionally, isnt it?
Love from Milwart

Hope this has saved a little time for our busy international expert, thus allowing him more time to p**s more people off...............

:thumbsup::rofl::rofl::rofl:brilliant.

noni Oct 23rd 2008 4:09 pm

Re: The Rupee
 

Originally Posted by Kan-conned (Post 6903275)
Have a look at www.currenciesdirect.com go to "currency charts"

then "pick your own pairing" choose "INR" and you can get current rates and historical rates for various periods, e.g 1 day, 3 day, 1 month etc

K-C :thumbsup:

( or just for you Noni if E = MC2 an Pye R2 then £1GBP = 1 Kingfisher ! )

xxx K-C

Oh you mean a bottle of 'noffi + 20 rupees.:rofl:

noni Oct 23rd 2008 4:11 pm

Re: The Rupee
 

Originally Posted by johnny five (Post 6903254)
Just in case our darling Milward does not have time to answer this pressing international finance question in between putting the entire world to rights I thought I might try to help him out a bit, so here goes............

Dear gangling up on me peoples,
Its right isnt it not. Here is at the other side two. If dollar is that side the UK pownd is other side. All stirling is not because talking not you are no-ing, if you were you wood not be saying. It is at least twice what you say well you are out of date and not here, but neither am I. Long string of links, isnt it will follow and clarify confusion caused not intentionally, isnt it?Love from Milwart

Hope this has saved a little time for our busy international expert, thus allowing him more time to p**s more people off...............

:thumbsup::thumbsup: Brilliant especially the 'Isn't it' well he did say he was half welsh.

hemingway Oct 23rd 2008 6:08 pm

Re: The Rupee
 

Originally Posted by johnny five (Post 6903254)
Just in case our darling Milward does not have time to answer this pressing international finance question in between putting the entire world to rights I thought I might try to help him out a bit, so here goes............

Dear gangling up on me peoples,
Its right isnt it not. Here is at the other side two. If dollar is that side the UK pownd is other side. All stirling is not because talking not you are no-ing, if you were you wood not be saying. It is at least twice what you say well you are out of date and not here, but neither am I. Long string of links, isnt it will follow and clarify confusion caused not intentionally, isnt it?
Love from Milwart

Hope this has saved a little time for our busy international expert, thus allowing him more time to p**s more people off...............

Johnny Five,

I think you've come up with a winner here with your 'Milward speak, init' - if you've got the time or inclination, how about a daily 'blog' about your activities/friends/family written totally in 'Milward speak init' - whoops, I think I've been hit by 'surrealism' - asking you to make up stories in an alien dialect about BE's 'busy international expert' . . . . . . . . . . . matron, matron - I think I need the jacket on again where the sleeves fasten together at the elbows & the wrists. . . . . . . .matron, matron. . . . . . . .

Regards

Hemingway

Return of Santan Oct 23rd 2008 6:19 pm

Re: The Rupee
 
Ya Mon !

Reminds me of the joke where a bloke goes into a job centre enquiring about the job "init".. he was told it was actually a job in I.T :rofl::rofl:

K-C (in da groove )

hemingway Oct 23rd 2008 6:59 pm

Re: The Rupee
 

Originally Posted by Kan-conned (Post 6905102)
Ya Mon ! Reminds me of the joke where a bloke goes into a job centre enquiring about the job "init".. he was told it was actually a job in I.T :rofl::rofl: K-C (in da groove )

Here's a Friday joke for you all, the old uns are always the best uns. . . . . . .

A radio station was running a competition – words that weren’t in the dictionary yet could still be used in a sentence that would make logical sense. The prize was a trip to Bali.

DJ: “96 FM here, what’s your name?”

Caller: “Hi, my name’s Dave.”

DJ: “Dave, what’s your word?”

Caller: “Goan... spelt G-O-A-N pronounced ‘go-an’.”

DJ: “You are correct, Dave, ‘goan’ is not in the dictionary. Now, for a trip to Bali: What sentence can you use that word in that would make sense?”

Caller: “Goan f**k yourself!”

The DJ cut the caller off and took other calls, all unsuccessful until:

DJ: “96 FM, what’s your name?”

Caller: “Hi, me name’s Jeff.”

DJ: “Jeff, what’s your word?”

Caller: “Smee, spelt S-M-E-E, pronounced ‘smee’.”

DJ: “You are correct, Jeff, ‘smee’ is not in the dictionary. Now, for a trip to Bali: What sentence can you use that word in that would make sense?”

Caller: “Smee again! Goan f**k yourself!”?


I apologise if the 'bad' word offends anyone - but I have asterisked it out.

Regards

Hemingway

michellea Oct 23rd 2008 8:31 pm

Re: The Rupee
 

Originally Posted by hemingway (Post 6905166)
Here's a Friday joke for you all, the old uns are always the best uns. . . . . . .

A radio station was running a competition – words that weren’t in the dictionary yet could still be used in a sentence that would make logical sense. The prize was a trip to Bali.

DJ: “96 FM here, what’s your name?”

Caller: “Hi, my name’s Dave.”

DJ: “Dave, what’s your word?”

Caller: “Goan... spelt G-O-A-N pronounced ‘go-an’.”

DJ: “You are correct, Dave, ‘goan’ is not in the dictionary. Now, for a trip to Bali: What sentence can you use that word in that would make sense?”

Caller: “Goan f**k yourself!”

The DJ cut the caller off and took other calls, all unsuccessful until:

DJ: “96 FM, what’s your name?”

Caller: “Hi, me name’s Jeff.”

DJ: “Jeff, what’s your word?”

Caller: “Smee, spelt S-M-E-E, pronounced ‘smee’.”

DJ: “You are correct, Jeff, ‘smee’ is not in the dictionary. Now, for a trip to Bali: What sentence can you use that word in that would make sense?”

Caller: “Smee again! Goan f**k yourself!”?


I apologise if the 'bad' word offends anyone - but I have asterisked it out.

Regards

Hemingway

LOL!!!

Goacrazy56 Oct 23rd 2008 11:05 pm

Re: The Rupee
 

Originally Posted by hemingway (Post 6905166)
Here's a Friday joke for you all, the old uns are always the best uns. . . . . . .

A radio station was running a competition – words that weren’t in the dictionary yet could still be used in a sentence that would make logical sense. The prize was a trip to Bali.

DJ: “96 FM here, what’s your name?”

Caller: “Hi, my name’s Dave.”

DJ: “Dave, what’s your word?”

Caller: “Goan... spelt G-O-A-N pronounced ‘go-an’.”

DJ: “You are correct, Dave, ‘goan’ is not in the dictionary. Now, for a trip to Bali: What sentence can you use that word in that would make sense?”

Caller: “Goan f**k yourself!”

The DJ cut the caller off and took other calls, all unsuccessful until:

DJ: “96 FM, what’s your name?”

Caller: “Hi, me name’s Jeff.”

DJ: “Jeff, what’s your word?”

Caller: “Smee, spelt S-M-E-E, pronounced ‘smee’.”

DJ: “You are correct, Jeff, ‘smee’ is not in the dictionary. Now, for a trip to Bali: What sentence can you use that word in that would make sense?”

Caller: “Smee again! Goan f**k yourself!”?


I apologise if the 'bad' word offends anyone - but I have asterisked it out.

Regards

Hemingway

:rofl::rofl::rofl::rofl::thumbsup::thumbsup::thumb sup::rofl:
Fabulous.:rofl:
just what I needed a belly laugh
Hemmingway your a star,you really are
cheers
you have made my day

enfield951 Nov 16th 2008 11:32 pm

Re: The Rupee
 
RIP the £
Yesterday it hit the 70 Rupee mark on the streets of Calangute, how low can it go?
4 weeks ago it was 83, almost 20% higher !
Thailand is the same 50 Bahts to the £ now , 64 when we left just over 5 weeks ago.
Some expensive holidays for folks this year.
:(:(


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