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