Indian Rupee Betting Site Banking Methods
To ensure you save on currency exchange fees, you also need to deposit and withdraw
funds directly in Indian Rupees. Popular e-wallet companies like EcoPayz, Neteller
and Skrill offer INR balances and will work with top Indian betting sites. Bank
transfers and credit cards are also often available, but as the e-wallet companies
are located off-shore, they are the ideal intermediary payment solution as your locally
recorded transactions will be to the e-wallet company as opposed to a gambling company.
About the Indian Rupee
The Indian rupee (INR) is the official currency of the Republic of India and is issued
by the Reserve Bank of India. The rupee is subdivided into 100 paise. As of 2018,
coins of denomination 25 paise and less are no longer legal tender. The issuance
of the rupee is controlled by the Reserve Bank of India. In 2010, a new symbol was
adopted to represent the currency:'₹' which was created through a combination of
the Devanagari consonant "र" (ra) and the Latin capital letter "R" without its vertical
bar. The first coins with the new rupee symbol started in circulation in July of
2011.
Indian Rupee History
The history of the Indian rupee traces back to Ancient India in circa 6th century
BC. Ancient India was one of the earliest issuers of coins in the world. The rupee
got its name from the silver coin, rupiya, first issued by Sultan Sher Shah Suri
in the 16th century.
By the 1800s, the rupee was a silver coin. This had severe consequences in the nineteenth
century. The strongest national economies around the globe used the gold standard.
The discovery of large quantities of silver in the USA and various European colonies
resulted in a steep decline in the value of silver relative to gold. This greatly
devalued India's standard currency in an event known as "the fall of the rupee."
After gaining its independence in 1947 the modern Indian rupee was the sole currency
of India. All other domestic coinage was removed from circulation. India adopted
a decimalization system of the rupee in 1957.
Indian Rupee in World Currency Markets
The number one currency that the rupee is traded against is the US Dollar. Are you
wondering about the latest Indian Rupee exchange rates? Convert INR to USD.
India Sports Betting Bonuses available in INR
If you want to bet on the Indian Premier League or any other major sporting event
around the world, many online bookmakers offer wagering options for you as a customer
from India. However, if you’d prefer to be able to register a betting account in
Indian Rupees so you may deposit and withdraw your native national currency without
having to exchange funds, there are four excellent options for you.
When you can bet in Indian Rupees, you’ll be able to save approximately 5% in exchange
fees that would otherwise be lost upon every deposit and withdrawal to and from your
bookmaker account. Save your money for betting on sports, not fees, when you play
in with Indian Rupee betting sites listed below. INR bonuses are shown at the bottom
of the page.
