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The currency of India is the Indian Rupee, with one Rupee equalling 100 paise. Notes come in denominations of Rs1000, 500, 100, 50, 20, 10 and 5. Coins are in denominations of Rs5, 2 and 1, as well as 50, 25 and 10 paise. Money can be exchanged easily at banks, airports and licensed bureaus. Traveller’s cheques are accepted in most banks, though to avoid additional conversion charges they should be in US Dollars or Pounds Sterling. ATMs are available, and major international credit and debit cards are accepted. See: Visa: http://www.visa.com/atms/ MasterCard: http://www.mastercard.com/cardholderservices/atm The import of domestic currency is prohibited. Export of domestic currency is also prohibited, unless travelling to Sri Lanka, Pakistan, Bangladesh or Nepal. The import of foreign currency is unlimited, and must be declared if the amount comes to the equivalent of US$5,000 or more, and the export of foreign currency is limited to the amount declared on entry. Business General banking hours in most areas are from 1000 to 1400 Mondays to Fridays, and from 1000 to 1200 on Saturdays. Shopping hours are generally from 0930 to 1700 Mondays to Saturdays. All interactions in India – business or otherwise – should take into account religious beliefs, and care should be taken not to offend them. The general greeting for the Indian Hindu people is to fold the hands and tilt the head forward slightly, and Hindu women do not generally shake hands. Tipping for services is not usually expected, but hotel and airport porters expect around Rs20 for their help.
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