OMR to INR

Discover the ease of online currency conversion right here on Urban Money! Our quick, user-friendly, and highly reliable OMR to INR currency converter ensures you get live and precise conversion values at your fingertips.

Convert OMR to INR at the Real Exchange Rate

Amount

OMR

Converted to

INR

1 OMR =

i

Currency exchange value is subjected to market fluctuation. Exchange rate as on Feb 22, 2024.

OMR to INR Exchange Rate

The Omani Rial (OMR) to Indian Rupee (INR) exchange rate is significant for economic relations between Oman and India. Fluctuations in this exchange rate affect the cost of imports, exports, and investments between the two countries. It represents the relative value of the OMR compared to the INR and influences the competitiveness of products traded between Oman and India. 

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1 OMR to INR Exchange Rate Last 7 days

Date

Price

  • 215.103106

  • 215.904228

  • 215.098514

  • 215.975214

  • 215.45407

  • 216.375708

  • 215.549632

Omani Rial to Indian Rupee Conversions

OMR

INR

OMR to INR Currency Conversion

Navigate the world of foreign exchange effortlessly with our dedicated OMR to INR currency converter tool. Whether you want to convert 1 OMR to INR or more, our platform ensures swift and precise calculations based on the most recent exchange rates. Keeping tabs on today's OMR to INR conversion rate is as easy as pie.

It is not just about numbers and decimals; it is about giving yourself power with just one click, accurately converting one OMR to INR.

Our platform is more than just a converter; it's your guide to currency conversion. We've got everything from important facts about OMR to INR to the manifold benefits of using a currency conversion calculator.

So why wait? Embark on your journey of currency conversion discovery with us today!

Important Facts About OMR - Omani Rial

This sturdy currency, boasting a rich cultural history and a steady international presence, is often the subject of much curiosity and interest. Especially popular is its exchange rate to the Indian rupee (INR).

So, whether you're a businessperson curious about the exchange rates or a traveller planning your next trip to Oman, take a moment to browse through the facts about OMR, its links to INR, and more! It's information, it's finance, it's travel, and it's a tad bit fun too!

No. Fact Description
1 Currency of Oman The Omani Rial (OMR) is the official currency of Oman.
2 Value Currently, 1 OMR stands strong with a high value among world currencies.
3 OMR to INR The exchange rate between OMR and INR fluctuates due to market conditions. Always check real-time data.
4 1 OMR to INR While it changes, the value of 1 OMR to INR usually stays in a certain high range, adding to OMR's appeal.
5 OMR to INR today Daily changes in international market dynamics cause daily fluctuations in the OMR to INR exchange rate.
6 1 OMR to INR When converting specifically 1 OMR to INR, a high conversion rate can often be observed.
7 One OMR to INR Again, one OMR usually converts to more INR, providing profitable opportunities for those dealing in these currencies.
8 Sub-units The Omani Rial is subdivided into 1000 baisa. This aids in micro-transactions.
9 International Presence Despite being the currency of a smaller nation, OMR has a significant presence in international markets due to Oman's economic strength.
10 Currency Design The design of Omani banknotes reflects the country's rich cultural heritage and commitment to progress. Each denomination has distinct, vibrant features that set it apart.

So, there you have it! A little peek into the world of the OMR. Remember, whether you're dealing with '1 OMR to INR' or 'OMR to INR today', the key is to stay updated with current market trends.

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How Does Urban Money’s OMR to INR Online Currency Converter Work?

Follow these simple steps to convert OMR to INR effortlessly:

  • Navigate to the Currency Converter Section: Look for the 'Currency Converter' section on the Urban Money homepage. It's usually in our main navigation menu or our financial tools section.
  • Enter Your Amount: In the provided field, input the amount in Omani Rial (OMR) you wish to convert to Indian Rupees (INR).
  • Select Currencies: Once your amount is entered, select 'Omani Rial (OMR)' from the 'From' drop-down menu and 'Indian Rupee (INR)' from the 'To' drop-down menu. The menus are pre-set with popular currencies, making it even more convenient.
  • Hit Convert: Click the 'Convert' button after setting your desired currencies.
  • Check the Conversion Result: The conversion result will be displayed instantly. Our system updates currency rates in real-time, so you're always getting the most accurate conversion.

Benefits of OMR to INR Online Currency Converter Tools

Whether you need to find out the value of 1 OMR to INR today or have more extensive conversion needs, we provide the accuracy and ease our users appreciate. Let's dive into the numerous benefits of our OMR to INR online currency converter tool:

  • Up-to-the-minute Accuracy: Our tool is synchronised with live market rates, providing you with the most accurate OMR to INR conversion rates at any given time. Check the value of 1 OMR to INR today, tomorrow, or any time in between - we're there for you 24/7.
  • Incredible Ease of Use: With a user-friendly interface, converting OMR to INR has never been easier. Just enter your amount, select the currencies, and voilà - the equivalent in INR is on your screen!
  • Swift and Seamless: Time is money. Our currency converter delivers results in an instant, helping you make quick decisions. We've got you covered whether it's just one OMR to INR or a larger sum.
  • Empowers Planning and Budgeting: With the most accurate and current exchange rates, our users can plan their financial affairs, budgets, or trips efficiently, ensuring you never encounter any monetary surprises.
  • Free Access, Anytime, Anywhere: Our service is entirely free and accessible from anywhere in the world. So, you can convert OMR to INR whether you're sitting at your desk or sipping a coffee at a café.
  • Versatility: It's not just about 1 OMR to INR. You can input any amount of Omani Rial to see its corresponding value in Indian Rupees. Our tool caters to a wide range of conversion needs.
  • Transparent Transactions: We focus purely on value conversions, providing you a tool with no hidden charges or fees. Our main goal is to help you understand how much your money is worth in another currency.
  • Information is Power: Stay updated and informed about global financial trends. Regularly checking currency rates can be a great way to understand the global economy.
  • Safe and Secure: Your financial data remains uncompromised since we don't deal with actual cash transactions. We focus solely on providing value conversions.

With our OMR to INR online currency converter, stay on top of the financial game, make informed decisions, and always know your money's worth! Now that's what we call a winning formula.

List of Factors Affecting the Value of OMR to INR Conversion

Here's a quick rundown of some key factors affecting the value of OMR to INR conversion:

  • Economic Performance: The economic health of both Oman and India greatly influences the conversion value. A growing economy usually leads to a stronger currency.
  • Interest Rates: Interest rates set by the central banks of Oman and India can sway the 1 OMR to INR conversion value. Higher interest rates can increase foreign investment, thus strengthening the currency.
  • Inflation Rates: Generally, a country with a consistently lower inflation rate exhibits a rising currency value. So, the difference in inflation rates between Oman and India can impact the OMR to INR conversion.
  • Geopolitical Stability: The political climate in both countries can influence the OMR to INR conversion. Stability often attracts foreign investment and strengthens the currency.
  • Trade Balance: A country's balance of trade - the difference between its exports and imports - can affect its currency value. A favourable trade balance can bolster the OMR's value against the INR.
  • Speculations: Currency speculators and their perception of the future trajectory of both economies can impact the value of OMR to INR today and in the future.
  • Public Debt: Countries with large amounts of public debt are less attractive to foreign investors due to the risk of inflation and potential default. This can affect the currency value conversion.
  • Economic Indicators: Economic indicators such as GDP, employment rates, and retail sales figures also significantly determine the OMR to INR conversion rate.

1 OMR to INR from 2000 to 2022

The Omani Rial (OMR) is the official currency of Oman. The Indian Rupee (INR) is the official currency of India. The exchange rate between these two currencies fluctuates over time due to various economic factors. The following table shows the historical data of 1 OMR to INR exchange rate from 2000 to 2022.

Year Exchange Rate (1 OMR to INR)
2000 100.1
2001 102.3
2002 105.45
2003 108.1
2004 111
2005 113.6
2006 117
2007 121.45
2008 124.35
2009 127.1
2010 121.87
2011 123.47
2012 138.25
2013 142.35
2014 145.45
2015 148
2016 151.55
2017 155.3
2018 158.7
2019 162.1
2020 165
2021 204.17
2022 214.90

Determining OMR-INR Rates

Have you ever wondered how the OMR-INR exchange rates are determined? The answer lies in the fascinating interplay of various market forces.

  • Supply and Demand Dynamics: The omnipresent principle of supply and demand governs the foreign exchange market just like any other economic market. When the demand for Omani Rials (OMR) increases in relation to the Indian Rupee (INR), the value of the OMR rises. Conversely, if the supply of OMR exceeds its demand, the value falls.
  • Economic Indicators: Important economic metrics like inflation rates, interest rates, and economic growth play a pivotal role. A country with a lower inflation rate will see an appreciation in the value of its currency. Similarly, if a country's interest rates rise, its currency often strengthens due to an influx of investments seeking higher returns.
  • Political Stability and Performance: A country's political landscape can greatly impact its currency exchange rates. Investors favour nations with stable and efficient governments, resulting in increased foreign capital, and bolstering the strength of that country's currency.
  • Speculation: Anticipations and predictions about the future condition of a country's economy can lead to significant fluctuations in its currency's value. Forex traders who speculate that the OMR will appreciate against the INR will buy more, thereby pushing its value up.
  • Central Bank Interventions: Central banks can influence the value of their respective currencies. For instance, the Reserve Bank of India or the Central Bank of Oman can buy or sell their own currency to manipulate its price, usually to curb extreme volatility.

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Frequently Asked Questions (FAQs)

What was the value of 1 OMR to INR in 1947?

The Omani Rial (OMR) was not introduced as a currency until 1973, so there was no exchange rate between OMR and INR in 1947. Before 1973, the currency used in Oman was the Rial Saidi.

What is the highest-ever OMR to INR?

The highest recorded exchange rate of the Omani Rial (OMR) to the Indian Rupee (INR) was 217.45 INR on 18th March 2023.

What does the OMR stand for?

OMR stands for Omani Rial, the official currency of the Sultanate of Oman.

Who decides the OMR to INR exchange rate?

The exchange rate between the Omani Rial (OMR) and the Indian Rupee (INR) is determined by the foreign exchange market, where currencies are traded. Factors influencing rates include economic indicators, geopolitical events, and market demand and supply.

What is the subunit of OMR currency?

The subunit of the Omani Rial is the baisa. 1 Omani Rial is equivalent to 1000 baisa.

What is the smallest unit of OMR currency?

The smallest unit of OMR currency is the baisa.

What types of banknotes are in OMR currency?

The Central Bank of Oman issues OMR banknotes in 1, 5, 10, 20, and 50 rials.

What types of bank coins are in OMR currency?

The Central Bank of Oman issues coins of 5, 10, 25, 50, 100, and 500 baisa.

What is the Omani rial's ISO code?

The ISO code for the Omani Rial is “OMR”.

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