Currency: Rupee (Rs.) = 100 paise. Notes are in denominations of Rs.1000, 500, 100, 50, 20, 10, and 5. Coins are in denominations of Rs. 5, 2 and 1, and 50, 25, and 10 paise. 

Currency Exchange: 
Currency can be changed at banks, airports or authorised money changers. It is illegal to exchange money through unauthorised money changers. US Dollars and Pounds Sterling are the easiest currencies to exchange.

Money Changers:
All money in bills or traveler check should be changed into Indian currency only through authorized money changers and banks. For the list of money changers check http://www.outofindia.net/hyd/htm/f_exch.htm 

Travelers check: 
These are widely accepted and may be changed at banks. To avoid additional exchange rate charges, travelers are advised to take travelers check in US Dollars or Pounds Sterling.

Currency restrictions: 
Import of local currency is prohibited. Export of local currency is also prohibited, except for passengers proceeding to Nepal (excluding notes of denominations of Rs100 or higher), Bangladesh, Pakistan or Sri Lanka (up to Rs. 20 per person). Foreign currency may be exported up to the amount imported and declared. 

All foreign currency must be declared on arrival if value is over US $5000, and when exchanged the currency declaration form should be endorsed, or a certificate issued. The form and certificates must be produced on departure to enable reconversion into foreign currency. Changing money with unauthorised money changers is not, therefore, advisable.

Exchange rate indicators
The following figures are included as a guide to the movements of the Rupee against Sterling and the US Dollar: 

Check http://www.oanda.com for exchange rate updates.

Banks:
The bank timings are usually from 10.30 - 15.30 hrs from Monday through Friday and from 10.30 - 13.00 hrs on Saturday. Multinational banks such as ABN-AMRO, HSBC, Scotia, and Citibank have branches in all major Indian cities and in Hyderabad. Visa, MasterCard and Amex compatible ATMs abound. For a list of major banks in Hyderabad, check http://www.outofindia.net/hyd/htm/banks.htm

Credit and debit cards: 
Most hotels, travel agents, airline offices, commercial establishments and shops welcome MasterCard, American Express, Diners Club and Visa. Check with your credit or debit card company for details of merchant acceptability and other services that may be available.