CNH/INR: what to know
The CNH/INR rate shows how much INR you get for 1 CNH. Right now, 1 CNH buys 14.2418 INR at the mid-market rate. In the other direction, 1 INR is worth 0.0702 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while INR responds to oil prices and capital flows.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.