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A popular tourist destination, a popular destination for expats, a popular destination for medical tourists and a popular destination for investors.
Australia just like its vastness that offers everything from deserts to beaches to mountains and wastelands, provides amazing opportunities for work and leisure. As per the recent reports, the growth of Indian students going to study in Australia is on an all-time high in last seven years.
As on November , Indian students were studying in Australia- a All these students look every day to convert INR to AUD for different requirement ranging from how much pocket money to ask from parents to what is the price of the same product in Indian rupees? Just ask the former Aussie Cricket team captain, Steve Waugh, who visits India regularly for business purposes. You will be displayed a rate: Once done, visit www.
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INR , is the official currency of the Republic of India. The rupee is subdivided into paise singular paisa , though as of , 25 paise is no more a legal tender.
The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century and later continued by the Mughal Empire.
The parallel lines at the top with white space between them are said to make an allusion to the tricolour Indian flag, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity.
The first series of coins with the new rupee symbol started in circulation on 8 July It is subdivided into cents. In , the Australian dollar was the fifth most traded currency in the world, accounting for 7.
It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.
The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar". Ahluwalia Contracts bags news orders of INR Indian rupee opens at