Loading...This month (March 2013) has been good for most of the NRIs transferring money to India. NRIs have benefited from getting more rupees for their money this month (March 2013) over the same month last year (March 2012) due to depreciation of rupee against all major currencies. At the same time, NRIs transferring money from South Africa and Japan to India have been unlucky, due to appreciation of rupee against these currencies by over 7%. NRIs living in New Zealand, Singapore and Hong Kong have benefited most by getting over 7% more rupees for their money transfer to India this March as compared to last March.
A snapshot of country wise value of Indian Rupees:
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