INR/RON: what to know
The INR/RON rate shows how much RON you get for 1 INR. Right now, 1 INR buys 0.0476 RON at the mid-market rate. In the other direction, 1 RON is worth 20.9996 INR.
In the short term INR is driven mainly by oil prices and capital flows, while RON responds to regional sentiment and euro moves.
The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
Over the past 12 months the INR/RON rate has ranged between 0.0459 and 0.0499 — a change of -2.75% 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.