43. Foreign Currency Exchange in
India
Question: I am visiting India in a few months. I will be
going on the Golden Triangle tour. I have today been told
that I cannot buy rupees in England and take them with
me on my trip.
Please can you advise me the best currency to use in India
and how I go about purchasing it.
Thank you for your help.
C Burrell.
Answer: Indian currency cannot be legally bought or sold
abroad. You can exchange foreign currency at the airport
or at most banks in India. Many hotels also provide
currency exchange services but their exchange rates are
not going to be in your favor.
Most major cities have money exchangers now, especially
in cities like Delhi where they provide a far better rate of
exchange than banks. However banks are the safest bet
when it comes to currency exchange for foreigners.
Thomas cook and American express outlets are other
options. You don't want any hassles and there is always a
chance of getting fake currency in India. So it is best to
stick with banks, American express or Thomas Cook for
currency exchanges and get a receipt.
When you exchange currency the bank receipt will allow
you to reconvert the Indian Rupees you have left over
when you leave India. So keep all money conversion
receipts with you.
If you have the time we would appreciate your feedback
on your 'Golden Triangle Tour'. I host another website
called Travel India Smart and would be glad to post any
photographs or comments you may have regarding your
India trip if you choose to share your experience with
others. Good luck with your trip.
Disclaimer: Information provided is for general knowledge only and should not be
deemed to be professional advice. For professional advice kindly consult a professional
accountant, immigration advisor or the Indian consulate. Rules and regulations do
change from time to time. Please note that in case of any variation between what has
been stated on this website and the relevant Act, Rules, Regulations, Policy Statements
etc. the latter shall prevail.
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