BUSINESS
Why locking in forex rates is critical in choppy currency markets
Travellers and students can protect themselves from currency fluctuations, with nary a worry about a receding Rupee.
BUSINESS
Getting a forex card or foreign currency? Keep an eye on the interbank rate
When you buy a forex card from a bank or an online portal, or even foreign currency notes, you do not get them at the interbank rate. The rate at which you buy and sell foreign exchange is at a mark-up over the interbank rate. The closer your rate is to the interbank rate, the better it is.
