"How to have my foreign currency income converted at a fixed exchange rate vis-a-vis INR?" Exchange rates have been a worry for a lot of us for a variety of reasons. The most common cause of concern with foreign currency income is the fluctuating nature of the currency which at a lower exchange rate would translate into fewer Rupees. This is no brain-jammer, its relatively a simple problem to deal with and that's exactly what this post is all about. This is mostly useful when the Rupee is already quite depreciated, i.e. when you get more of INR for every USD as is the case now. The current Ex Rate is Rs. 46.81 / USD. Now, if you are happy with this exchange rate and are not willing to take a risk with the possible Rupee appreciation, you can even lock your future USD income at this rate. That is, even if the rupee appreciated to Rs. 45/USD when you get your next month salary, you can still have the USD converted at Rs. 46.81! Basically, when Rupee appreciates, it mean...