When travelling abroad, people are often asked whether they want to pay in Indian Rupees or in the local currency of their destination. Choosing Indian Rupees often means accepting a process called Dynamic Currency Conversion (DCC), which comes with hidden costs, Moneycontrol reported. Many Indian banks add a separate DCC fee. Paying in the local currency is almost always cheaper.
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Dharini Mudgal /
03:49 pm on
06 Nov