MT

Until I reached U.S, this one never slashed me. When I traveled to onsite I believe the exchange rate was 38 and was only hoping it would still diminish. But to my surprise the exchange rate crossed 50's during the recession period. In general many working Indian's prefer doing a money transfer (MT) to family members in India when the exchange rate is high. Some Indians do consider many options such as money2India, remit2India, wells Fargo, NRI account etc. to cut down additional charges involved in money transaction between U.S and India. Mostly when the exchange rate is high one would not have enough bank balance to transfer. I explored a new type of money transfer this afternoon.