The Indian Rupee to Omani Rial conversion is a crucial aspect to consider for travelers, traders, and investors alike.
The current exchange rate is around 0.39 Omani Rials for every 1 Indian Rupee, but this can fluctuate depending on market conditions.
To give you a better idea, let's take a look at the historical exchange rate trends.
The Indian Rupee has been relatively stable against the Omani Rial in recent years, with a slight dip in 2020 due to the COVID-19 pandemic.
Current Exchange Rate
The current exchange rate between the Indian Rupee (INR) and the Omani Rial (OMR) is 0.0044 OMR per INR. This means that if you have 1 Indian Rupee, it's worth 0.0044 Omani Rial at the current exchange rate.
To give you a better idea of the exchange rate, here are the conversion rates for different amounts of Indian Rupee:
You can use these conversion rates to get an idea of how much your Indian Rupee is worth in Omani Rial.
Current Worth
The current worth of the Indian Rupee against the Omani Rial is a key piece of information for anyone looking to exchange currencies. 1 INR is worth 0.0044 OMR today.
To give you a better idea of the current exchange rate, let's take a look at some examples. If you have 1 INR, it's equivalent to 0.0044 OMR at the current rate.
If you're looking to exchange a larger sum, you can use the following conversion rates: 5 INR = 0.02200 OMR, 10 INR = 0.04400 OMR, and so on.
Here's a breakdown of the current worth of the Indian Rupee against the Omani Rial in both directions:
Current Interest Rate
Current Interest Rate plays a significant role in influencing currency exchange rates. The policies of central banks regarding interest rates can attract foreign capital, thereby influencing the demand for a currency and its exchange rate.
A higher interest rate can make a currency more attractive to investors, causing its value to appreciate. This is because investors can earn higher returns on their investments in the currency with the higher interest rate.
The interest rate policies of central banks can have a significant impact on the value of a currency. For example, if a central bank raises interest rates to combat inflation, it can make the currency more attractive to investors, causing its value to appreciate.
Here are some key interest rate policies that can impact currency exchange rates:
In conclusion, the current interest rate can have a significant impact on currency exchange rates. Central banks should carefully consider their interest rate policies to avoid causing unnecessary fluctuations in currency values.
Conversion and Calculation
The INR to OMR exchange rate is 1 INR = 0.0044 OMR, and 1 OMR = 227.2727 INR. This means that 1 Indian Rupee is worth 0.0044 Omani Rials.
To convert INR to OMR, you can use a currency converter with real exchange rates. The mid-market exchange rate is used to calculate the conversion.
You can also use the conversion chart to see the live and historical INR to OMR rate. This chart shows the current rate and how the rates have changed over time.
Here is a quick reference table to help you convert OMR to INR:
The conversion rate can also be used to calculate how much a certain amount of INR is worth in OMR. For example, 1,000 INR is worth 4.4 OMR at the current exchange rate.
Conversion Chart
The conversion chart is a valuable tool for anyone looking to convert Indian Rupees (INR) to Omani Rials (OMR). The chart shows the current and historical exchange rates between the two currencies.
The live and historical INR to OMR rate chart is available, allowing you to see today's rate and how the rates have changed over time. This chart is a great resource for tracking the fluctuations in the exchange rate.
To convert INR to OMR, you can use the mid-market exchange rate, which is currently 0.0044 OMR per INR. This rate is subject to change, so it's essential to check the current rate before making any transactions.
Here's a quick reference guide to help you convert INR to OMR:
This list provides a quick reference for converting various amounts of OMR to INR. Keep in mind that the exchange rate may fluctuate, so it's always a good idea to double-check the current rate before making any transactions.
Best Rate Options
To get the best INR to OMR exchange rate, shop around and compare rates from banks, currency exchange offices, and international payment services.
You can get to know the INR/OMR mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. This will help you make an informed decision about when to complete your transaction.
Setting up rate alerts can be a smart option, as many services will send you a message when the INR/OMR mid-market exchange rate hits your preferred level. This way, you can act fast and complete your transaction before markets move again.
Another option is to open a multi-currency account, which lets you hold a selection of major world currencies, including Indian Rupee and Omani Rial. This is helpful if you transact internationally often, live overseas, receive payments from abroad, or invest in diverse markets.
Here's a comparison of the two main options:
Understanding the Rupee to Rial
The Indian Rupee (INR) and the Omani Rial (OMR) are two currencies that are widely used in different parts of the world. The value of these currencies can fluctuate due to various factors, including interest rates, inflation rates, and economic indicators.
One of the key factors that influence the value of the Rupee is the rate of inflation. A lower inflation rate can strengthen the Rupee, making it more valuable relative to other currencies. On the other hand, a higher inflation rate can weaken the Rupee, making it less valuable.
The current exchange rate between the Rupee and the Rial is approximately 1 INR = 0.0044 OMR. This means that if you have 1 Rupee, you can exchange it for 0.0044 Rials. Conversely, if you have 1 Rial, you can exchange it for approximately 227.2727 Rupees.
In terms of the factors that influence the exchange rate, it's worth noting that political stability is an important consideration. Countries with stable political environments are often more attractive to foreign investors, which can help to strengthen their currency. On the other hand, countries with unstable political environments may see their currency depreciate in value.
Overview
The Omani Rial, denoted by the acronym OMR, is the national currency of the Sultanate of Oman. It's used in the country and comes in various denominations, including banknotes and coins.
The OMR is tied to the US dollar at a rate of 1 rial equals $2.6008. This rate is a significant factor to consider when converting currencies.
The Omani Rial is available in banknotes with denominations of 100 baisas, 200 baisas, ½ rials, 1 rial, 5 rials, 10 rials, 20 rials, and 50 rials. Coins are also available in various denominations, including 5 baisas, 10 baisas, 25 baisas, 50 baisas, 100 baisas, ¼ rials, and ½ rials.
Here are some key facts about the Omani Rial:
- The Sultanate of Oman’s currency is the Omani rial, the currency code OMR.
- The OMR is tied to the US dollar at a rate of 1 rial equals $2.6008.
- Oman’s economy is primarily reliant on oil exports, and it is seeking to diversify.
Factors Influencing Rates
Interest rates set by central banks can significantly impact the demand for a currency and its exchange rate.
The policies of central banks regarding interest rates can attract foreign capital, influencing the demand for a currency and its exchange rate.
Lower inflation rates result in a stronger currency, as they enhance the purchasing power of the currency relative to others.
Economic data, including GDP growth, employment rates, and manufacturing output, can significantly impact investor confidence and the value of a currency.
Nations with stable political environments are more appealing to foreign investors, positively influencing the value of their currency.
High levels of national debt can discourage foreign investment and lead to a depreciation of the currency.
Countries experiencing large trade surpluses or deficits may see changes in their currency values due to shifts in demand for their goods and services.
Here are some key factors influencing the Rupee to Rial exchange rate:
Market speculation, geopolitical events, and foreign direct investment also play a role in influencing the Rupee to Rial exchange rate.
Return the revised heading
To get the best INR to OMR exchange rate, you'll need to shop around a little to find the best rate for your specific transaction.
Banks, currency exchange offices, and international payment services all set their own exchange rates, so it's essential to compare them before making a decision.
You can get to know the INR/OMR mid-market exchange rate using reputable currency conversion tools, which will show you how the market is trending.
By setting up rate alerts, you can receive a message when the INR/OMR mid-market exchange rate hits your preferred level, allowing you to act fast and complete your transaction before markets move again.
Opening a multi-currency account can be a smart option, especially if you transact internationally often or live overseas, as it lets you hold a selection of major world currencies, including Indian Rupee and Omani Rial.
With a multi-currency account, you can hold a balance in the currency or currencies of your choice, eliminating the need to convert from one currency to another unnecessarily.
The Omani Rial is the currency of Oman, and its currency code is OMR, with the currency symbol being ﷼.
The OMR rank by strongest currencies is 3, and its minor unit is 1/1000 = Baisa.
Using Our Converter
You can use our currency converter to get the current exchange rate for INR to OMR. Our converter uses the mid-market exchange rate, which is 1 INR = 0.0044 OMR.
Our converter also allows you to see the historical exchange rate chart for INR to OMR, so you can track how the rate has changed over time.
To get the best INR to OMR exchange rate, get to know the mid-market exchange rate and set up rate alerts to notify you when the rate hits your preferred level.
You can convert INR to OMR either in a physical location or online, and our converter can help you find a service that suits your needs.
Here's a quick reference guide to help you get started:
With our converter, you can easily see how much 1,000 Indian Rupee is worth in Omani Rial, which is currently 4.4 OMR.
Sending Money to Oman
Sending money to Oman is a straightforward process, and you can do it through your bank or an online specialist service like Wise.
You can send money from anywhere in the world, including India, to Oman using these services.
Specialist international money transfer services often offer better exchange rates and lower overall costs for payments to Oman.
This means you can save money on your transfers, which is a big plus.
You can get everything arranged for sending money to Oman with just your laptop or phone, making it a convenient option.
Statistics and Trends
Over the past 30 days, the INR to OMR exchange rate has seen a 30-day high of 0.0045 and a low of 0.0044, resulting in a 30-day average of 0.0045. The change for INR to OMR was -1.89%.
The volatility of the INR to OMR exchange rate has been relatively stable, with a moderate volatility of 6.82% over the past 90 days.
Here are the key statistics for the INR to OMR exchange rate over the past 30, 90, and 365 days:
The INR has lost value against the OMR by 4.35% over the past year, making it a relatively stable period for the exchange rate.
Last 10 Days
Over the last 10 days, the exchange rate between the Indian Rupee and the Omani Rial has remained relatively stable.
The high and low rates for the last 10 days are 0.0045 OMR, with the average rate being 0.0044 OMR. This suggests a consistent trend in the exchange rate.
The volatility in the exchange rate over the last 10 days has been 2.27%. This is the same as the volatility over the last 7 days, indicating that the exchange rate has remained stable during this period.
Here's a summary of the key statistics for the last 10 days:
This stability in the exchange rate makes it a good time for businesses and individuals to engage in international transactions.
Volatility
The Indian Rupee to Omani Rial exchange rate has seen a 30 day high of 0.0045 and a 30 day low of 0.0044.
Over the past 30 days, the 30 day average was 0.0045, with a change of -1.89%.
The pair experienced moderate volatility of 6.82% in the past 30 days.
This moderate volatility means there is a moderate risk of price changes, representing a balance of potential gains and risks.
The 90 day high and low were 0.0046 and 0.0044 respectively, with a 90 day average of 0.0045 and a change of -2.91%.
Forecast and Trending
The INR to OMR exchange rate has been relatively stable over the past 30 days, with a 30-day average of 0.0045 and a change of -1.89.
The pair has experienced moderate volatility, with a 90-day average of 0.0045 and a change of -2.91.
Here's a breakdown of the INR to OMR exchange rate over different periods:
The Indian Rupee has lost value against the Omani Rial by 4.35% over the past year, according to the current exchange rate of 0.0044.
The INR to OMR exchange rate is currently 0.0044, which means that 1 Indian Rupee is worth 0.0044 Omani Rial.
The pair has experienced moderate volatility, which means there is a moderate risk of price changes, representing a balance of potential gains and risks.
The INR to OMR exchange rate has been relatively stable over the past 30 days, with a 30-day average of 0.0045.
At the current exchange rate of 0.0044, a sum of 1,000 Indian Rupee is worth 4.4 Omani Rial.
Frequently Asked Questions
How much is ₹1 in Oman to India today?
As of today, 1 Omani Rial is equivalent to approximately 222.40 Indian Rupees. Check the current exchange rate for the latest conversion.
Sources
- https://www.bankbazaar.com/currency-exchange/omr-to-inr.html
- https://www.squareyards.com/blog/omr-to-inr-stoc
- https://wise.com/us/currency-converter/inr-to-omr-rate
- https://currencylive.com/exchange-rate/1-inr-to-omr-exchange-rate-today/
- https://currencylive.com/exchange-rate/inr-to-omr-exchange-rate-today/
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