Convert 1586 Indian Rupee (INR) to Bangladeshi Taka (BDT)
Exchange rates used for currency conversion updated on December 11th 2024 ( 12/11/2024 )
Below you will find the latest exchange rates for exchanging Indian Rupee (INR) to Bangladeshi Taka (BDT) , a table containing most common conversions and a chart with the pair's evolution.
The Indian Rupee (INR) to Bangladeshi Taka (BDT) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Indian Rupee and Bangladeshi Taka on 12/11/2024 is 1 INR = 1.4077 BDT - AVERAGE intraday quotes were used for this currency conversion.
Under the monetary policy of the Reserve Bank of India (RBI) the INR, Indian rupee, having once been held back by a centrally planned economy it is increasing its presence in world currency markets as the central planning and controls are released and the Indian economy is released, embracing the free markets. The INR is a floats against a basket of goods and other currencies and it is increasing in worldwide importance as the underlying economy grows and the RBI continues to focus on price stability and the general well being of the country.
About Bangladeshi Taka (BDT)
The Bangladeshi Taka is the official currency of Bangladesh. Issued and controlled by the Bangladesh central bank, known simply as the Bangladesh Bank, and is symbolized in currency trading as BDT and in monetary transactions with the symbol Tk. The word "taka" is also used in general reference to money itself in other languages such as Bengali, therefore hearing the word "taka" may be in reference to the BDT or simply as a general reference to any amount of money.
Each taka is made of 100 poisha. There are minted coins in 1, 5, 10, 25, and 50 poisha as well as 1, 2, and 5 taka. The 1,5,10,25, and 50 poisha coins are not common with the 1 and 5 poisha coins the most rare. Most everyday transactions use the 1, 2, and 5 taka coins. There are 2, 5, 40, 100, 500, and 1000 taka banknotes in official circulation. These most recent notes in circulation were issued in 2011.
The BDT is a floating currency, most commonly compared to the USD.
