About this pair
INR/MYR: what to know
The INR/MYR rate shows how much MYR you get for 1 INR. Right now, 1 INR buys 0.0427 MYR at the mid-market rate. In the other direction, 1 MYR is worth 23.3983 INR.
In the short term INR is driven mainly by oil prices and capital flows, while MYR responds to commodity prices and regional demand.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
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.