Canadian dollar to Indian rupee
Canada has one of the largest Indian diasporas in the world. Convert Canadian dollars to rupees at today’s rate.
What moves the loonie
The Canadian dollar, nicknamed the loonie after the bird on its one-dollar coin, is tied closely to the US economy, which buys most of Canada’s exports, and to oil prices, since Canada is a major producer. Bank of Canada rate decisions relative to the US Federal Reserve also matter. Against the rupee, it is a cross rate through the US dollar.
Questions
What is the cheapest way to send money from Canada to India?
Online transfer services usually beat bank wires. Compare the rupees delivered for the same amount, and watch for receiving-bank charges on SWIFT transfers.
Is this the rate I will get?
It is the mid-market rate. Providers add a margin and sometimes a fixed fee.