INR/CNY: what to know
The INR/CNY rate shows how much CNY you get for 1 INR. Right now, 1 INR buys 0.0702 CNY at the mid-market rate. In the other direction, 1 CNY is worth 14.2377 INR.
In the short term INR is driven mainly by oil prices and capital flows, while CNY responds to PBoC decisions and Chinese growth.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the INR/CNY rate has ranged between 0.0699 and 0.0811 — a change of -12.04% 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.