1. Exchange Rates
  2. United States dollar (USD)
  3. Indian rupee (INR)

Convert USD to INR at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible USD to INR rate, these are :

  1. The USD/INR foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 United States dollar equals
Indian rupee 1=

Right now the USD/INR market rate is and represents how many Indian rupee you can get for one United States dollar. You can calculate with the current mid-rate using our USD to INR calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same USD/INR market rate I see on Google or in the Media?

When you look up the current United States dollar to Indian rupee exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to INR mid-rate on google

USD to INR mid-rate on google search

Getting a great USD to INR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below USD to INR calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific United States dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

USD to INR mid-rate calculator

1 USD equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading USD/INR Chart

United States dollar - market update

Chief among FX themes in 2017 was the dramatic weakness of the US dollar. Unfortunately for those holding US currency, 2018 has started in much the same way that 2017 ended.

In 2017, the US Dollar Index (DXY) recorded its worst annual performance since 2003, with a decline of nearly 10%. In the first seven weeks of 2018, the index managed to give up a further 4%. A DXY price of 88.62 on February 15th (the time of this report) took the dollar’s value back to 2014 levels. Of special note in early 2018 is USD/JPY, which fell nearly 6% by mid-February.

Importantly, the dollar’s trajectory has recently decoupled from that of US interest rates. Despite US yields climbing steadily in 2018, the dollar has sunk. Explanations for this came in February from Crédit Agricole, whose analyst said that dollar traders “remained uninspired by US economic prospects” and likely held the belief that higher interest rates would bring forward the end of the US’ current expansionary cycle; and from Standard Chartered, whose analyst said that traders were choosing to focus on the US’ ever-widening twin deficits, which were now “pretty nasty.”

“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast a 15% rise in EUR/USD in 2018, to 1.3.

Entering the new year, analysts had been bearish the dollar. In December, a Societe Generale analyst said that the currency “looked expensive” given the more balanced outlook for global growth, and TD Securities said that the macro landscape favoured a “steady depreciation of the dollar in 2018.”

Indian rupee - market update

By its own standards, the rupee made great inroads against the dollar in late 2017, and ushered in 2018 in much the same fashion.

In mid-November, the rupee began its determined climb against USD. Eight straight weeks of gains and an appreciation of 4% by January 5th (the time of this report) took the rupee to its strongest level in nearly two-and-a-half years, at 63.2 rupees per dollar.

Throughout early 2018, the rupee is likely to see continued support because of “increasing risks of an end to [the Reserve Bank of India’s] accommodative monetary policy,” thinks the team at ICICI Securities.

One exchange rate we look at often at Best Exchange Rates, the Australian dollar-rupee rate, fell (the rupee strengthened) throughout much of the final quarter of 2017. The rupee did, however, lose nearly half of its Q4 gains in the final three weeks of the year, mainly on broad Australian dollar strength.

With AUD/INR rates close to 50 in early January, a 4% climb is needed for AUD/INR to once again test 52.0 – one of the strongest resistance levels in all of FX.

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