Why Paypal did not uptodate rate?

[ssarkar]

Yes paypal is giving much less exchange rate than the rate prevailing in the market. I think this is due to the difference between buying and selling rate of dollar. There are always the difference in those two rates of any currency.

But I am not a Buyer or not a seller !! :P I just want to withdraw my money ? Then why I loose per $ = Rs. 2/-?? Its a very bad for us. I don't like it. :twisted:

As you are exchaning dollar for Rupee, actually you are selling dollar and this is the way the 'selling' term denotes in financial sector. While you want to exchange rupee for Dollar, that time you would selling rupee. But what paypal is offering us, is seriously a big issue, as the difference is not that much.