i am looking for an exchange from btc to rupee so i can pay one of my web designers. is there anywhere my friend can easily exchange btc to rupees in his bank located in india?
There is no exchange at the moment, though I've heard of one under development. But there are people here who can exchange them for you with some overhead: just make a post on the Currency Exchange subforum and mention the amount you wish to exchange.
Edit: Actually, for exchanging BTC to INR, Crypto X Change might work (see above).