Monday, June 7, 2010

Dealing in USD Notes Improves Marginally

4 short days after, the difference between the best and worst deal to sell USD has collapsed by 21% (Rs250) to Rs928. That's because Shibani is giving 25 cents more for each of your dollars. And that has reduced its spread, still the largest on that BOM's page though, by 150bps to 7.87%.

Standard Bank still has the best deal for your dollars while Forex Direct will get more dollars for your rupees. The latter has also joined Africa's biggest bank as the place with the smallest spreads.

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