Currency
The India currency is called the rupee (Rs). Banknotes are available in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 rupees. At the time of writing, US$1.00 = Rs44.22. For the latest exchange rate, use the Oanda Currency Converter at http://www.oanda.com/convert/classic. Always use authorised money changers. It is illegal to change money on the black money, and the premium is not worth the effort anyway.
Travellers' Cheques
Not all banks accept traveller's cheques, but they are more likely to offer better rates than retail establishments. Well-known brands such as Thomas Cook, American Express and Visa are more likely to be accepted.
Credit Cards
Well-known brands such as American Express, MasterCard and Visa are gaining acceptance, especially in hotels, restaurants and large shops.
Banking Hours
Most banks are open from 10:00am to 2:00pm on weekdays and 10:00am to noon on Saturdays.
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