ZAR/INR: what to know
The ZAR/INR rate shows how much INR you get for 1 ZAR. Right now, 1 ZAR buys 5.8967 INR at the mid-market rate. In the other direction, 1 INR is worth 0.1696 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while INR responds to oil prices and capital flows.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010.
Over the past 12 months the ZAR/INR rate has ranged between 5.0529 and 5.9834 — a change of +16.52% 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.