INR/ILS: what to know
The INR/ILS rate shows how much ILS you get for 1 INR. Right now, 1 INR buys 0.0317 ILS at the mid-market rate. In the other direction, 1 ILS is worth 31.5103 INR.
In the short term INR is driven mainly by oil prices and capital flows, while ILS responds to the tech sector and geopolitics.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible.
Over the past 12 months the INR/ILS rate has ranged between 0.0295 and 0.0381 — a change of -16.24% 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.