Vietnam to Indonesia: List of 10 countries where Indian Rupee will make you feel rich
List of countries with the lowest currency exchange rates in the world compared to the Indian Rupee (INR)
1 Iranian Rial is approximately equal to 0.002 INR
1 Iraqi Dinar is approximately equal to 0.064 INR.
The Sierra Leonean Leone (SLL) is the currency of Sierra Leone, with 1 Leone approximately equal to 0.004007 INR.
Uzbekistan's economic challenges, including high inflation rates, limited diversification, and heavy reliance on exports like cotton and gold, have contributed to the Som's low value. 1 Som being approximately equal to 0.0066 INR.
1 Paraguayan Guarani is approximately equal to 0.011 INR.
The Lao Kip (LAK) is the official currency of Laos, and 1 Lao Kip is approximately equal to 0.0038 INR. It is landlocked country in Southeast Asia. It is bordered by Myanmar and China
1 Guinean Franc is approximately equal to 0.0097 INR. The country faced numerous economic challenges.
Vietnam has a rapidly growing economy, yet its currency remains among the lowest in value worldwide. 1 Vietnamese Dong is approximately equal to 0.0034 INR.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
Rupee slides ahead of RBI MPC rate decision; opens lower at 85.87/$
The Indian Rupee edged lower ahead of the Reserve Bank of India's (RBI) key interest rate decision, even as the dollar index remained largely steady. The domestic currency depreciated 7 paise to open at 85.87 against the greenback, after closing at 85.80 on Thursday, according to Bloomberg. The Indian rupee rose by 10 paise on Thursday on the back of $1 billion in inflows from Adani Ports and another firms, according to Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP. "However, it failed to sustain those gains today as demand outpaced supply, with non-deliverable forwards (NDF) putting pressure on the currency." The rupee continues to rely heavily on the Reserve Bank of India's support, Bhansali said. With foreign portfolio investor (FPI) flows remaining uncertain and recent inflows being tepid and sporadic, the rupee has been on a weakening trend, he added. The upcoming monetary policy meeting, where a 25 basis point rate cut is expected, and narrowing interest rate differentials are also contributing to rupee weakness, according to Bhansali. "For the day, the rupee is expected to move between 85.50 and 86.25, with markets closely watching the RBI's actions." The dollar index edged up slightly as investors evaluated the phone call between US President Donald Trump and Chinese President Xi Jinping. The two leaders spoke on Thursday and agreed to resume trade talks through upcoming official-level meetings. The index, which measures the greenback against a basket of six major currencies, was up 0.04 per cent at 98.78. The dollar was headed for a weekly loss on Friday, undermined by signs of fragility in the US economy, and as trade negotiations between Washington and its trading partners made little progress despite a looming deadline, Bhansali said. Meanwhile, the friends-turned-foes episode deepened tensions as the US President Donald Trump threatened to end Elon Musk's government contracts after his comment on the 'Big Beautiful Bill', sending Tesla shares to their worst in four years.
Mint
4 hours ago
- Mint
Iran orders material from China for hundreds of ballistic missiles
Iran has ordered thousands of tons of ballistic-missile ingredients from China, people familiar with the transaction said, seeking to rebuild its military prowess as it discusses the future of its nuclear program with the U.S. Shipments of ammonium perchlorate are expected to reach Iran in coming months and could fuel hundreds of ballistic missiles, the people said. Some of the material would likely be sent to militias in the region aligned with Iran, including Houthis in Yemen, one of the people said. Iran wants to bolster regional allies and rebuild its arsenal while it pushes deeper into contentious talks with the Trump administration over its nuclear program. Iran has continued to expand its stockpiles of uranium enriched to just below weapons grade and ruled out negotiating limits on its missile program. President Trump said he discussed the negotiations in a call with Russia's President Vladimir Putin. 'Time is running out on Iran's decision pertaining to nuclear weapons," Trump wrote Wednesday in a social-media post. An Iranian entity called Pishgaman Tejarat Rafi Novin Co. ordered the missile ingredients in the past few months from Hong Kong-based Lion Commodities Holdings Ltd., people familiar with the order said. Lion Commodities director Nelson Barba didn't respond to a request for comment. Pishgaman couldn't be reached for comment. Iran's mission to the United Nations didn't respond to a request for comment. A Chinese Foreign Ministry spokesperson said China wasn't aware of the contract. 'The Chinese side has always exercised strict control over dual-use items in accordance with China's export control laws and regulations and its international obligations," the spokesperson said. Iran has been looking for ways to rebuild its so-called Axis of Resistance network of militias after Israel pummeled Hezbollah in Lebanon and Hamas in Gaza and the Assad regime fell in Syria. U.S. and Israeli strikes on the Houthis damaged the group's capabilities, though they still threaten Israel. Iran recently transferred ballistic missiles to Shia militia groups in Iraq, who could target Israel and U.S. forces in the region they have previously attacked, the people confirmed. The missile transfers were previously reported by the Times of London. After the U.S. in 2020 killed Iranian general Qassem Soleimani, Iraqi Shia groups fired at least a dozen ballistic missiles at the U.S. Al Asad air base in the country. Iran has one of the biggest ballistic missile programs in the region, U.S. officials have said. Ammonium perchlorate, an oxidizer used in fireworks, is essential to the solid propellant used in Iran's most effective ballistic missiles. Earlier this year, two Iranian ships docked in China were loaded with more than 1,000 tons of sodium perchlorate, a precursor for producing ammonium perchlorate. The material was delivered to Iranian ports in mid-February and late March, according to shipping trackers. The sodium perchlorate was enough to fuel around 260 short-range missiles, officials said. The new, larger contract for ammonium perchlorate could be enough for Iran to produce 800 missiles, one official said. The contract was signed months ago, likely before Trump said he had proposed nuclear talks to Iran's Supreme Leader Ayatollah Ali Khamenei in early March. The U.S. Treasury on April 29 sanctioned six people and six entities based in Iran and China for their role in 'procuring ballistic missile propellant ingredients," including sodium perchlorate, for Iran's elite Islamic Revolutionary Guard Corps. Two weeks later, it added sanctions on Chinese and Hong Kong entities and people for aiding Iran's ballistic missile industry. Treasury in May added sodium perchlorate to the list of materials it says are being used for Iran's military, nuclear or ballistic missile programs. 'Chinese entities and individuals have provided support to Iran's ballistic missile program, as well as to the Houthis' missile and UAV production efforts, which is why we continue to identify and sanction them," a State Department official said. In November 2022, U.S. naval forces said they intercepted a vessel in the Gulf of Oman carrying over 70 tons of ammonium perchlorate on a route commonly used by Iran to send weapons to the Houthis in Yemen. Firefighters at Iran's Shahid Rajaee port after an explosion in injured person being carried after April's explosion at the port. Israel severely damaged Iran's ability to produce new solid propellant missiles in October by taking out around a dozen so-called planetary mixers, used to blend components for the missiles. Iran has started to repair the mixers, one official said. That means much of the material imported from China could remain in Iran but some is expected to be sent to militia including the Houthis, the official said. Iran likely needs material from abroad to avoid bottlenecks in its domestic production capabilities, said Fabian Hinz, a military analyst at the International Institute for Strategic Studies. Storing the combustible material creates risks. An April explosion at the Shahid Rajaee port, which handles most of Iran's container trade, killed dozens of people, state media said. The explosion was the result of mishandling of explosive material by a unit of the IRGC's Quds Force. At least some of the sodium perchlorate imported from China earlier this year was lost in the explosion, one official said. 'These substances are a major fire and explosive hazard," Hinz said. 'Iran's defense industrial complex does not have a strong track record in ensuring safety standards." Last month, Iran's customs authorities issued an order to accelerate the clearing of 'hazardous materials" through customs. Write to Laurence Norman at
News18
4 hours ago
- News18
Flipkart Secures RBI's NBFC License To Offer Direct Loans To Buyers And Sellers
Last Updated: Flipkart becomes first major ecommerce to get the RBI licence to work as an NBFC. Flipkart has successfully secured a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI), allowing it to facilitate lending business independently. This license allows Flipkart to provide loans directly to both customers and sellers on its platform. It marks a pivotal moment in the e-commerce journey that has so far depended on third-party. Flipkart Finance Private Limited received its registration certificate in March 2025, making Flipkart the first major Indian e-commerce firm to gain such authorization. Currently, Flipkart collaborates with financial institutions like Axis Bank and IDFC First Bank to offer consumer loans. The new NBFC license enables Flipkart to independently enter the lending market. Flipkart is reportedly planning to offer loans directly via its e-commerce website and its fintech application – Walmart acquired a majority stake in Flipkart in 2018 at a deal worth $16 billion. Flipkart's move into direct lending is anticipated to enhance its profitability while improving financial services for its extensive user base. The company plans to integrate lending solutions into its e-commerce platform and the Super Money fintech app, offering personal loans and credit options to both buyers and sellers. A PwC report highlights that India's lending market has grown significantly over the past five years, from FY18 to FY23, with a CAGR of 14.8 percent. From FY21 to FY24, the number and value of loans disbursed by FinTechs have increased dramatically, with a CAGR of 81% (from 1.72 crores to 10.19 crore) and 46% (from INR 0.47 lakh crore to INR 1.46 lakh crore), respectively. The growth is attributed to innovations by FinTechs, leveraging technology to expand their reach, automate operations, and improve credit access. PwC report states that a significant majority of digital lending, amounting to 96% of the value of disbursed digital loans by FinTechs, has been in the form of personal loans – predominantly below INR 5,000. First Published:
