Beyond exchange rate: 5 things Indian businesses should check if they receive dollars and convert them
Most Indian businesses evaluating cross-border transactions focus almost entirely on headline exchange rates, unwittingly allowing 3 per cent to 4 per cent of their invoice values to leak through hidden costs, intermediary bank fees, and opaque markups. According to Ashwin Bhatnagar, Co-founder, Xflow, this happens because traditional banks quote rates marked down by up to 3.5 per cent without explicitly breaking out the margin. According to experts, growing businesses must shift their focus toward upfront payment guarantees, stringent regulatory accountability, and data-driven decision-making to reclaim control over their margins. Here are some of the points such businesses should keep in…
