Are you looking for forex rates from The Reserve Bank of India? If your answer is yes, you will need this forex API!
It can be difficult to navigate the world of foreign exchange if you don’t know what you’re doing; or what is happening out there. The forex rates are constantly changing and that’s why you need a way to obtain accurate and real-time forex rates. If you don’t have access to this type of data, then you won’t be able to keep up with the world market. Luckily, an API for foreign exchange rates can help you get all the information you need.
Can a Forex API Help Me Obtain Rates From The Reserve Bank Of India?
Yes, it can! The Reserve Bank of India (RBI) is India’s central bank and the regulatory body responsible for regulation of the Indian banking system. The RBI publishes a daily forex rate feed that can be used by banks, financial institutions, and currency traders to access current forex rates. By using an Application Programming Interface for forex rates, you can access these rates without the need to search for them on the web. And even more, you’ll be able to display them on your own website. So you’ll have access to the forex data you need at any time of the day!
Obtain Accurate Information From Reliable Sources Using This API
The best of using a forex rates API is that with this simple tool you’ll receive forex data that is completely trustworthy. This is because it is gathered from several reputable international sources. These includes brokers and banks from all around the world. For instance, by using a forex API; like Exchangr API , you can obtain accurate forex information from The Reserve Bank of India (RBI). Yes, we are talking about India’s central bank and regulatory body responsible for regulation of the Indian banking system. So, by using this kind of API, you’ll get precise forex data from trustworthy providers in no time!
Furthermore, you’ll be able to display real-time currency conversion and rates from over 170 international currencies; if you incorporate the Exchangr API into your website. You’ll also get access to historical data from the previous few years, conversion on single amounts, get currency’s change parameters and more!
How To Obtain Forex Rates From The Reserve Bank Of India
If you want to use Exchangr API to obtain forex data from the Reserve Bank of India, you can do so by following these steps:
- Sign up here. It’s completely free, and you don’t even need a credit card to create an account.
- Decide whether you want to convert or acquire rates for the currencies you are most interested in. For instance, you can choose to find out real-time rates for the Indian rupee; and Exchangr will obtain the information from the Reserve Bank of India.
- Finally, make the API call. And you’ll get the results in seconds!
For more information about Exchangr API you can visit its website by clicking here. So now you know, you can start using this API to obtain forex rates from the Reserve Bank of India in no time!
Related post: Know How Foreign Exchange Rates Are Determined
Also published on Medium.