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The current exchange rate is around 1 OMR to 24.5 INR, which is subject to change based on market conditions. This rate is determined by the foreign exchange market, where Omani Riyals are traded against the Indian Rupee.
To give you a better idea, let's take a look at the historical exchange rate. In the last 5 years, the OMR to INR exchange rate has fluctuated between 20 and 28 INR per OMR.
If you're planning a trip to Oman or need to exchange Omani Riyals for INR, it's essential to understand how the exchange rate works and how to get the best deal.
Exchange Rates
The Omani Rial to Indian Rupee (OMR to INR) exchange rate is influenced by various factors. These include economic indicators like GDP growth, inflation, and interest rates.
A country's interest rates can attract foreign capital, thereby influencing the demand for a currency and its exchange rate. This is one of the key factors that can impact the OMR to INR exchange rate.
Economic data, including GDP growth, employment rates, and manufacturing output, can significantly impact investor confidence and the value of a currency. This is why economic indicators are a crucial factor in determining the exchange rate.
Nations with stable political environments are more appealing to foreign investors, positively influencing the value of their currency. This means that geopolitical events, such as elections and trade agreements, can also influence the exchange rate.
The Omani Rial to Indian Rupee exchange rate can be viewed for different years by clicking on the corresponding links. Here are the years available: 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016.
Currency Conversion
To convert Omani rials to Indian rupees, you can use our currency converter. Simply type in the box how much you want to convert, click on the dropdown to select OMR in the first dropdown as the currency that you want to convert, and INR in the second dropdown as the currency you want to convert to.
Our currency converter will show you the current OMR to INR rate and how it's changed over the past day, week or month. This can be a useful tool for anyone looking to make international transactions or travel to India.
You can also check the Omani Rial to Rupee forecast to see how the exchange rate is expected to change over the next few days or weeks. For example, on Wednesday, January 15, the exchange rate was 227 Rupees, with a maximum of 230 and a minimum of 224.
Here's a table showing the Omani Rial to Rupee forecast for the next few weeks:
As you can see, the exchange rate is expected to remain relatively stable over the next few weeks, with a slight increase in the rate on Friday, February 7.
Currency Information
The Omani Rial (OMR) is a currency that's widely used in Oman. It was introduced in 1970 to replace the Gulf Rupee.
The OMR has a fixed exchange rate with the US dollar, making it one of the highest valued currencies in the world. This stability is a symbol of Oman's prosperous oil industry.
The Omani Rial is pegged to the US dollar, which means its value is tied to the value of the dollar. This pegging has helped maintain the OMR's stability and value over the years.
The OMR is the currency of Oman, and it's widely accepted in the country. You can use it to pay for goods and services, as well as exchange it for other currencies.
Here are some key factors that influence the currency exchange rates for OMR to INR:
- Interest Rates
- Rate of Inflation
- Economic Indicators
- Political Stability
- Market Speculation
- Public Debt
- Trade Balances
- Foreign Exchange Reserves
- Geopolitical Events
- Foreign Direct Investment (FDI)
These factors can cause fluctuations in currency prices, so it's essential to stay informed about the current market conditions.
Here's a forecast of the OMR to INR exchange rate for the next few weeks:
Please note that these forecasts are subject to change and may not reflect the actual exchange rate. It's always a good idea to check the current exchange rate before making any transactions.
Data and Charts
The Omani Rial to Indian Rupee exchange rate has been on the rise, with a notable increase in value over the last six months.
The Omani Rial has seen a +3.69% increase in value compared to the Indian Rupee in the last six months.
Looking at the daily updates, we can see that the exchange rate has fluctuated over the past 30 days.
The high exchange rate over the last 30 days was 224.6890 INR per OMR.
The low exchange rate over the last 30 days was 220.2710 INR per OMR.
Here's a breakdown of the exchange rate over the last 30 days:
Over the last 90 days, the exchange rate has also seen an increase, with a 2.93% change.
The low exchange rate over the last 90 days was 218.2960 INR per OMR.
The average exchange rate over the last 90 days was 220.1436 INR per OMR.
Frequently Asked Questions
What is the bank rate of Oman to India today?
As of today, Monday 30/12/2024, the current exchange rate is 1 OMR = 222.1364 INR. Check our online currency converter for the latest conversion rates and foreign exchange rates.
What is Oman's full currency?
Oman's official currency is the Rial Omani, which is further divided into baisas. The Rial Omani is the primary unit of exchange in Oman.
Is Oman currency higher than dollar?
The Omani Rial (OMR) is pegged to the US dollar at a fixed rate of 1 OMR = 2.60 USD, making it equivalent in value to the dollar.
How much is muscat ek riyal in indian rupees?
As of 26-12-2024, 1 Omani Rial (Muscat) is equivalent to approximately ₹222.16 in Indian Rupees. Please note that exchange rates may fluctuate and are subject to change.
What is the symbol of OMR?
The symbol for Omani Rials (OMR) is ﷼. This unique symbol is used to represent the currency in financial transactions and everyday commerce.
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