INR/NOK: what to know
The INR/NOK rate shows how much NOK you get for 1 INR. Right now, 1 INR buys 0.0975 NOK at the mid-market rate. In the other direction, 1 NOK is worth 10.2544 INR.
In the short term INR is driven mainly by oil prices and capital flows, while NOK responds to oil and gas prices.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
Over the past 12 months the INR/NOK rate has ranged between 0.0958 and 0.1153 — a change of -13.22% 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.