INR/CNH: what to know
The INR/CNH rate shows how much CNH you get for 1 INR. Right now, 1 INR buys 0.0704 CNH at the mid-market rate. In the other direction, 1 CNH is worth 14.1961 INR.
In the short term INR is driven mainly by oil prices and capital flows, while CNH responds to sentiment toward China and offshore flows.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.