OMR To INR: Omani Rials To Indian Rupees Conversion

If you are someone who is living and soon going to shift to India, then it is important to know all about the currency of both countries. The Omani Rial to India Rupee (OMR to INR) will help you to complete all the payments and purchases. Therefore, learning the exchange rate OMR to INR is always a good idea. 

Both currencies are significant world currencies. The conversion rate of both currencies keeps changing daily and sometimes hourly too. In this guide, Square Yards takes you through the Omani Rial to Indian Rupee conversion as of January 20, 2023.

Overview of OMR(Omani Rial)

The Omani Rial is denoted by the acronym OMR to use the currency conveniently. It is the national currency of the Sultanate of Oman, located on the southeastern coast of the Arabian peninsula. This currency is distributed in the form of banknotes and coins in its country. The banknotes are available in the denominations of 100 baisas, 200 baisas, ½ rials, 1 rial, 5 rials, 10 rials, 20 rials, and 50 rials. The coins are available in the denominations of 5 baisas, 10 baisas, 25 baisas, 50 baisas, 100 baisas. The coins also come in the denominations of ¼ rials and ½ rials.

Key Points

• The Sultanate of Oman’s currency is the Omani rial, the currency code OMR.
• The OMR is tied to the US dollar at a rate of 1 rial equals $2.6008.
• Oman’s economy is primarily reliant on oil exports, and it is seeking to diversify.

History of OMR(Omani Rial)

Oman is strategically located on the Persian Gulf’s Strait of Hormuz, ensuring regional stability. Until 1970, Oman did not have any national currency. So, the Indian rupee and the Maria Theresa thaler were once used in the region, earlier termed Muscat and Oman. The currencies were circulated in separate regions.

Earlier the OMR was known as the rial Saidi in 1970, and it had a value equivalent to GBP (British pound). In coastal areas, this money gained popularity and further superseded the Indian rupee. By 1973, the rial Omani (at par) had supplanted the currency and eventually become the most widely used form of money.

The most significant event in the Omani rial’s history occurred in 1970 when Sultan Qaboos bin Said took control after his father Sultan Said bin Taimur was deposed and exiled. A palace coup led to the change of leadership.

Qaboos bin Said then launched an economic as well as social reform programme. In 1974, he instituted changes such as creating a national currency and the foundation of the Central Bank of Oman. The Omani rial is issued and managed by the central bank.

Overview of INR(Indian Rupee)

The Indian Rupee is INR, and the symbol is ₹ to use the currency conveniently. It is the official and national unit of currency of India. In the country, the Reserve Bank of India (RBI) is responsible for the issuance and management of the INR. Before 2016, the Indian banknotes were available in 5 rupees, 10 rupees, 20 rupees, 50 rupees, 100 rupees, 500 rupees, and 100 rupees, along with coins of 25 paise, 50 paise, 1 rupee, 2 rupees, and 5 rupees. The Indian banknotes are available in denominations of 10 rupees, 20 rupees, 50 rupees, 100 rupees, 200 rupees, 500 rupees, and 2000 rupees after the introduction of a new system with improvised security in 2016 with coins of denomination of 1 rupee, 2 rupees, 5 rupees, 10 rupees, and 20 rupees. For INR, 1 Rupee equals 100 paise.

Points to Remember:

• India’s official currency is the Indian rupee, which has the currency code INR and a symbol for denotation.
• Criminals have disseminated counterfeit currency in India since it is a cash-based economy.
• To protect against any kind of fraud, the Reserve Bank of India has updated and improved notes with advanced security features over time.
• The Indian rupee’s currency rate is influenced by various factors, including international commerce, investment flows, and oil price fluctuations.

History of INR(Indian Rupee)

In India, money has been utilised since the 6th century BCE. Ancient India is regarded as the world’s earliest and first country to issue coins, alongside Lydian Staters and Chinese Wen.

Chanakya mentioned silver, gold, copper, and lead coinage in his Arthashastra (340–290 BCE). During the 18th century, the Indian rupee went through various ups and downs

Even in the nineteenth century, the British attempted but failed miserably to regulate the use of gold coins. Moreover, as per Da Tang Xi Yu Ji, no financial system bar was constructed in the mid-nineteenth century.

The Gulf Rupee was introduced to the people by the Indian government after the partition of India and Pakistan took place. It can be used as a substitute for the Indian rupee outside of India, thanks to the Reserve Bank of India Act of 1959. The sole motivation was to relieve the strain that gold smuggling was putting on India’s foreign reserves. On the other hand, India depreciated the rupee on June 6, 1966. Nepal and Bhutan swiftly embraced the rupee as legal cash.

Before the partition, the Indian rupee was the official currency of numerous countries, including Oman, Dubai, Kuwait, Aden, Seychelles, Uganda, Mauritius, Qatar, Bahrain, the Trucial States, Kenya, and Tanganyika.

Nepal and Bhutan have refused to accept the series of notes featuring Mahatma Gandhi’s image. On January 29, 2014, Zimbabwe became the first country to accept the Indian rupee as legal tender.

OMR to INR Forecast 

OMR to INR forecast 2022 and 2023.

How to Convert OMR to INR?

The Omani rial’s currency code is OMR. The OMR is the national currency of the – Sultanate of Oman, located on the Arabian Peninsula’s southeastern coast. 

The symbol for Indian currency is  ₹, and the abbreviation we use for it is INR. 

Well, 1 OMR = 194.66 INR, we multiply the supplied value of OMR by 194.66 INR to convert OMR to INR. 

This 1 rial to Indian rupees value is considered a parameter to convert OMR to INR. 

Note: We use the OMR INR live chart value of 28th January 2022.  

Let’s go through some examples to understand how to convert Omani rials to Indian rupees.

[We are considering 1 rial in rupee value equivalent to 194.66 as per the OMR to INR today rate of 28th January 2022.] 

Convert 2145 OMR to INR

To convert 2145 OMR in rupees, we consider 1 rial in rupee value equal to ₹194.66. For converting the same, multiply 2145 OMR by 194.66 INR.  

2145 OMR = ₹ 417552.95

Therefore, 2145 OMR to INR value equates to ₹ 417552.95. 

Convert 2200 OMR to INR

To convert 2200 OMR in rupees, we consider 1 rial in rupee value equal to 194.66 INR. For converting the same, multiply 2200 OMR by 194.66 INR. 

2200 OMR = ₹ 428259.44

Therefore, 2200 OMR to INR value equates to ₹ 428259.44.

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Convert 165 OMR to INR

To convert 165 OMR in rupees, we consider 1 rial in rupee value equal to 194.66 INR. For converting the same, multiply 165 OMR by 194.66 INR. 

165 OMR = ₹ 32119.46

Therefore, 165 OMR to INR value equates to ₹ 32119.46.

Convert 2000 OMR to INR

To convert 2000 OMR in rupees, we consider 1 rial in rupee value equal to 194.66 INR. For converting the same, multiply 2000 OMR by 194.66 INR.  

2000 OMR = ₹ 389326.76

Therefore, 2000 OMR to INR value equates to ₹ 389326.76.

Convert 120 OMR in Indian Rupees

To convert 120 OMR in rupees, we consider 1 rial in rupee value equals 194.66 INR. For converting the same, multiply 120 OMR by 194.66 INR. 

120 OMR = ₹ 23359.61

Therefore, 120 OMR to INR value equates to ₹ 23359.61.

Convert 180 OMR to INR

To convert 180 OMR in rupees, we consider 1 rial in rupee value equals ₹ 194.66. For converting the same, multiply 180 OMR by 194.66 INR.  

180 OMR = ₹ 35039.41

Therefore, 180 OMR to INR value equates to ₹ 35039.41.

Convert 1000 OMR to INR

To convert 1000 OMR in rupees, we consider 1 rial in rupee value equals ₹ 194.66. For converting the same, multiply 1000 OMR by 194.66 INR.  

1000 OMR = ₹ 194663.38

Therefore, 1000 OMR to INR value equates to ₹ 194663.38.

Convert 400 OMR to INR

To convert 400 OMR in rupees, we consider 1 rial in rupee value equals 194.66 INR. For converting the same, multiply 400 OMR by 194.66 INR.  

400 OMR = ₹ 77865.35

Therefore, 400 OMR to INR value equates to ₹ 77865.35.

OMR to INR Conversion Chart

The below-depicted OMR to INR conversion chart showcases the converted values. The values may vary depending upon the current rate of 1 rial to Indian rupee.

FAQ’s about Convert OMR to INR