The exchange rate prevailing on the day the money is credited to the beneficiary's account with ICICI Bank or the money is sent for electronic clearing for direct credits to non-ICICI Bank accounts or the money is sent for credit to a Visa card account or the demand draft prepared is used for converting the $ amount into Indian Rupees. The exchange rates are displayed under Forex Rates link on the Money2India home page. These are indicative exchange rates. The actual rates applied for converting the $ amount transferred by you into Indian Rupees may be different from the rate displayed on account of the intra day movement of the Rupee-Dollar exchange rate.

Answered by uniquekamra , an ibibo Citizen, at 3:34 PM on September 24, 2007