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Velo to Indian Rupee Converter and calculator

Convert 1Velo (VELO) to Indian Rupee (INR) equals ₹ 2.01 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Velo(VELO) to Indian Rupee(INR). This is the real-time data. The current conversion shows 1 VELO at a value of 1 VELO for 2.01 INR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

INR information

About the Indian Rupee (INR)

What Is the Indian Rupee (INR)?

The Indian Rupee, designated by the ISO code INR, is the official currency of the Republic of India. The term 'rupee' is derived from the Sanskrit word 'rupyakam,' meaning a silver coin. The Indian Rupee got its symbol (₹) in 2010, which is a blend of the Devanagari 'Ra' and the Roman capital 'R' without its vertical bar. The Indian Rupee is the sole legal tender in India, and it is used for all transactions within the country.

The Indian Rupee is issued by the Reserve Bank of India (RBI), which is the central bank of India. The RBI is responsible for the regulation and management of the Indian currency and monetary policy. It oversees the issuance and supply of the rupee, ensuring stability and integrity in the country's financial system. The RBI also implements measures to combat counterfeiting and manages the currency's design and denominations.

What Is the History of INR?

The Coinage Act of 1835 standardized coinage in India, introducing coins bearing the effigy of William IV and later Queen Victoria. The rupiya, originally a silver coin, faced devaluation against gold during the 19th century due to the discovery of large silver reserves in Europe and the U.S. During World War II, the regular rupee was replaced with Quaternary Silver Alloy, and post-independence in 1947, India continued using the existing currency until the adoption of its constitution in 1950. In 1957, India introduced a decimal currency system, dividing the rupee into 100 paise.

Notes and Coins of INR

The current series of Indian currency includes notes of various denominations such as 10, 20, 50, 100, 200, 500, and 2000 INR. Each denomination has its unique color scheme and design elements, making them easily distinguishable. The coins, ranging from smaller denominations like 1, 2, 5, and 10 rupees, are minted in various metals and also feature emblematic designs representing India's cultural and historical ethos..

Economic Impact and Exchange Rate Management

The demonetization in 2016 aimed to disrupt the underground economy and curb the financing of illegal activities. This move led to the issuance of new 500 and 2000 INR notes in the Mahatma Gandhi New Series. The RBI's strategy does not peg the INR to a specific foreign currency, but instead aims to reduce exchange rate volatility through market interventions. This policy reflects a preference for a stable yet flexible exchange rate system, adapting to global economic dynamics.

What Is Digital Rupee?

The Digital Rupee, also known as e₹ or eINR, is a digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). Launched in December 2022, it utilizes blockchain distributed-ledger technology for secure transactions. The Digital Rupee is uniquely identifiable and regulated by the RBI, ensuring its reliability as legal tender. It is designed to be accessible both online and offline, catering to a wide range of financial transactions. The RBI has introduced two versions: the Digital Rupee for Wholesale (e₹-W) for interbank settlements and the Digital Rupee for Retail (e₹-R) for consumer and business transactions. This initiative aims to reduce the costs associated with physical currency, enhance transaction efficiency, and support India's growing digital economy. Unlike cryptocurrencies, the Digital Rupee is a sovereign currency, backed by the RBI, and holds the same value as its physical counterpart.

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Bitget crypto-to-fiat exchange data shows that the most popular Velo currency pair is the VELO to INR, with for Velo's currency code being VELO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for INR.

VELO to INR conversion rate trend

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In the past 1D, Velo has changed -3.12% to INR. Based on the trend and price charts, Velo(VELO) has changed -3.12% to INR while Indian Rupee(INR) has changed % to VELO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₹2.01
0.0200% / 0.0320%vip-iconVIP 7
OKX
₹2.01
0.080% / 0.100%
Yes
Huobi
₹2.02
0.1000% / 0.1000%
Yes
Gate.io
₹2.01
0.1000% / 0.1000%
Yes
Bybit
₹2.09
0.1000% / 0.1000%
Yes
KuCoin
₹2.02
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 08:00:19(UTC+0)

How to buy Velo

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Velo (VELO)
Use a variety of payment options to buy Velo on Bitget. We'll show you how.

Buy VELO (or USDT) for INR (Indian Rupee) offers

Bitget P2P trading does not currently support direct buying of VELO with INR. However, you can buy USDT in Bitget P2P trading first, and then buy VELO with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell VELO (or USDT) for INR (Indian Rupee) offers

Bitget P2P trading currently does not support direct selling of VELO to INR. However, you can first exchange VELO for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Velo to Indian Rupee?

Velo to Indian Rupee is falling this week.
Velo's current market price is ₹ 2.01 per VELO, with a total market cap of ₹ 14,826,429,489.11 INR based on a circulating supply of 7,390,476,000 VELO. The trading volume of Velo has changed by -21.15% (₹ -1,378,719,320.69 INR) in the last 24 hours. Last trading day, VELO's trading volume was ₹ 6,517,658,085.11.
Market cap
$174.31M
24h volume
$60.42M
Circulating supply
7.39B VELO

Conversion tables

The exchange rate of Velo is increasing.
1 VELO is currently valued at ₹ 2.01 INR , which means buying 5 VELO will cost ₹ 10.03 INR . Similarly, ₹1 INR can be traded for 0.4985 VELO, and ₹50 INR can be converted to 24.92 VELO, excluding any platform or gas fees.
The exchange rate of 1 VELO to Indian Rupee has changed by -29.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.12%, reaching a high of 2.11 INR and a low of 1.92 INR . One month ago, the value of 1 VELO was ₹ 1.46 INR , which represents a +37.50% change from its current value. Over the last year, Velo has changed by
+
1.67INR
, resulting in a change of +504.55% in its value.

VELO to INR

Amount
09:05 am today
0.5 VELO
1
1 VELO
2.01
5 VELO
10.03
10 VELO
20.06
50 VELO
100.31
100 VELO
200.62
500 VELO
1,003.08
1000 VELO
2,006.15

INR to VELO

Amount09:05 am today
0.5INR0.2492  VELO
1INR0.4985  VELO
5INR2.49  VELO
10INR4.98  VELO
50INR24.92  VELO
100INR49.85  VELO
500INR249.23  VELO
1000INR498.47  VELO

Today vs. 24 hours ago

Amount09:05 am today24 hours ago24h change
0.5 VELO$0.01179$0.01217
-3.12%
1 VELO$0.02359$0.02434
-3.12%
5 VELO$0.1179$0.1217
-3.12%
10 VELO$0.2359$0.2434
-3.12%
50 VELO$1.18$1.22
-3.12%
100 VELO$2.36$2.43
-3.12%
500 VELO$11.79$12.17
-3.12%
1000 VELO$23.59$24.34
-3.12%

Today vs. 1 month ago

Amount09:05 am today1 month ago1M change
0.5 VELO$0.01179$0.008576
+37.50%
1 VELO$0.02359$0.01715
+37.50%
5 VELO$0.1179$0.08576
+37.50%
10 VELO$0.2359$0.1715
+37.50%
50 VELO$1.18$0.8576
+37.50%
100 VELO$2.36$1.72
+37.50%
500 VELO$11.79$8.58
+37.50%
1000 VELO$23.59$17.15
+37.50%

Today vs. 1 year ago

Amount09:05 am today1 year ago1Y change
0.5 VELO$0.01179$0.001951
+504.55%
1 VELO$0.02359$0.003901
+504.55%
5 VELO$0.1179$0.01951
+504.55%
10 VELO$0.2359$0.03901
+504.55%
50 VELO$1.18$0.1951
+504.55%
100 VELO$2.36$0.3901
+504.55%
500 VELO$11.79$1.95
+504.55%
1000 VELO$23.59$3.9
+504.55%

Velo price prediction

What will the price of VELO be in 2025?

Based on VELO's historical price performance prediction model, the price of VELO is projected to reach $0.02792 in 2025.

What will the price of VELO be in 2030?

In 2030, the VELO price is expected to change by -18.00%. By the end of 2030, the VELO price is projected to reach $0.03554, with a cumulative ROI of +47.30%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Velo and INR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Velo and INR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Velo in INR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.