Omani Rial to Indian Rupee (OMR to INR) Exchange Rate

OMR to INR

In 1940, the Gulf rupee was introduced in Dhofar, and coins were subsequently introduced in Oman in 1946. On June 6, 1966, India devalued the Gulf rupee. As a result, several states using the Gulf rupee began issuing their own currencies. Despite this, the Gulf rupee continued to be used in Oman until 1970.

In 1970, Oman replaced the Gulf rupee with the rial Saidi. Then, in 1973, the rial Saidi was replaced by the Omani rial following a regime change. New coins bearing the country's name, Oman, were issued starting in 1975.

OMR is the Third Highest Currency in the world, On October 2025, 1 OMR is equal to Rs.230.60

Converting Indian Currency to Omani Rial

You can exchange Indian rupees for Omani rials online or offline. You must go to your local bank and adhere to their processes in order to convert it offline. There are several reliable internet retailers you may turn to for assistance if you wish to convert your money online. You may easily convert your Indian rupee to Omani rial with these online retailers in exchange of some fees.

Factors Influencing the Currency Exchange Rates

The currency exchange rates are influenced by various factors. They are as listed below:

1. Interest Rates: The policies of central banks regarding interest rates can attract foreign capital, thereby influencing the demand for a currency and its exchange rate.
2. Rate of Inflation: Generally, lower inflation rates result in a stronger currency, as they enhance the purchasing power of the currency relative to others.
3. Economic Indicators: Economic data, including GDP growth, employment rates, and manufacturing output, can significantly impact investor confidence and the value of a currency.
4. Political Stability: Nations with stable political environments are more appealing to foreign investors, positively influencing the value of their currency.
5. Market Speculation: The perceptions and speculative activities of traders can cause fluctuations in currency prices.
6. Public Debt: High levels of national debt can discourage foreign investment and lead to a depreciation of the currency.
7. Trade Balances: Countries experiencing large trade surpluses or deficits may see changes in their currency values due to shifts in demand for their goods and services.
8. Foreign Exchange Reserves: The amount of foreign currency reserves held by a country's central bank can affect exchange rates through market interventions.
9. Geopolitical Events: Events such as wars, natural disasters, and pandemics can cause economic uncertainty and volatility in currency markets.
10. Foreign Direct Investment (FDI): High levels of FDI can lead to a stronger currency, as foreign investors need to purchase the local currency to invest.