Thursday, December 15, 2011

As the Indian rupees getting stronger against US$, How we convert our USD salary when we send to India??

I am getting money by Chinese RMB. When i send to Inida it convert into USD then to Rupees. Which is best way to protect the loss?|||that is the only way permitted by the reserve bank of India... and followed by the banks operating in India...|||You people are the ones destroying the American economy|||Find a way to get converted to a alternative Currency that is more stable against the Rupee,like say Euro or Singapore Dollar within China (if feasible), then transfer the same to


India for reconversion [may not be practicable]. Also send a STRONG collective Communication/ dispute the Indian Government advocating the Rupee to be pegged on a Weighted Average basis with other Currencies, so that the exclusivity of US$ conversion option is done away with.|||send it directly from china.

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