MYR/INR
Market Open
15 Jun, 10:02
₹
23. 42
+0.012988
+0.0555%
₹
445 Volume
₹ 23.410339
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MYRINR Overview
MYRINR denotes the exchange rate that expresses the value of one Malaysian Ringgit (MYR) in terms of Indian Rupees (INR). Quoted as the amount of INR per 1 MYR, the pair is used to price cross-border payments, remittances and trade between Malaysia and India.
MYR, the Malaysian Ringgit (ISO: MYR), is the official currency of Malaysia. It is issued and regulated by Bank Negara Malaysia, which sets monetary policy, issues banknotes and oversees currency stability for the Malaysian economy.
The Indian Rupee (ISO: INR) is the national currency of India. Administered by the Reserve Bank of India, the rupee underpins domestic commerce and international transactions involving one of the world’s largest emerging-market economies.
The MYRINR rate is determined by foreign-exchange supply and demand and broader macroeconomic variables. Interest-rate differentials, inflation trends, trade balances and cross-border capital flows influence pricing, while central-bank actions, geopolitical developments and shifts in commodity prices can create short-term volatility.
Market participants track MYRINR for practical and strategic reasons. Corporates use it to hedge import/export exposure and manage cash flows, currency traders pursue speculative and carry opportunities, and investors monitor the cross for portfolio allocation and country-risk assessments.
MYR, the Malaysian Ringgit (ISO: MYR), is the official currency of Malaysia. It is issued and regulated by Bank Negara Malaysia, which sets monetary policy, issues banknotes and oversees currency stability for the Malaysian economy.
The Indian Rupee (ISO: INR) is the national currency of India. Administered by the Reserve Bank of India, the rupee underpins domestic commerce and international transactions involving one of the world’s largest emerging-market economies.
The MYRINR rate is determined by foreign-exchange supply and demand and broader macroeconomic variables. Interest-rate differentials, inflation trends, trade balances and cross-border capital flows influence pricing, while central-bank actions, geopolitical developments and shifts in commodity prices can create short-term volatility.
Market participants track MYRINR for practical and strategic reasons. Corporates use it to hedge import/export exposure and manage cash flows, currency traders pursue speculative and carry opportunities, and investors monitor the cross for portfolio allocation and country-risk assessments.
MYRINR Chart
MYRINR FAQ
What is the current MYR/INR price?
The current rate is ₹23.423328, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the MYR/INR rate changed today?
The rate has changed by +0.012988 (+0.0555%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was ₹23.410339, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is MYR/INR moving up or down?
Movements in MYR/INR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.0555%) is based on the difference between the current rate and the previous closing rate.
Is MYR/INR trending up or down right now?
If the current rate (₹23.423328) is above the previous close (₹23.410339), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for MYR/INR directly on this page.
