About this pair
INR/ARS: what to know
The INR/ARS rate shows how much ARS you get for 1 INR. Right now, 1 INR buys 15.8706 ARS at the mid-market rate. In the other direction, 1 ARS is worth 0.0630 INR.
In the short term INR is driven mainly by oil prices and capital flows, while ARS responds to high inflation and economic policy.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations.
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.