INR/CAD: what to know
The INR/CAD rate shows how much CAD you get for 1 INR. Right now, 1 INR buys 0.0146 CAD at the mid-market rate. In the other direction, 1 CAD is worth 68.6104 INR.
In the short term INR is driven mainly by oil prices and capital flows, while CAD responds to oil prices and the US economy.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the INR/CAD rate has ranged between 0.0142 and 0.0160 — a change of -7.44% versus a year ago.
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.