BestExchangeRates India - Compare & Save on Foreign Exchange
How BestExchangeRates can Save you Money in India
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United States and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track INR rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular INR Exchange Rates
Follow exchange rates via your personal BER Tracker Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in India.
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Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Indian rupee market update
The Indian rupee (INR) has continued to face downward pressure, particularly following the recent presidential election results in the United States that brought Donald Trump back into the political spotlight. Analysts have noted an alarming trend, with the rupee hitting record lows of 84.3625 against the U.S. dollar as fears of rising energy prices and potential inflation loom large for the Indian economy. Investment sentiment appears to be shifting as market players anticipate that Trump’s fiscal policies—including possible lower corporate taxes and deregulation—will invigorate U.S. economic growth, thereby attracting funds to the dollar and away from the rupee. The shifting dynamics have also incited concerns regarding trade friction, especially if Trump proceeds with increased tariffs aimed at China, which could inadvertently affect India’s economy.
Recent foreign exchange data illustrates the rupee's struggles against major currencies, with the INR to USD exchange rate recent hovering at 90-day lows near 0.011783, just a marginal 0.8% below its three-month average of 0.01188. Meanwhile, against the Euro, the INR appreciated slightly, trading at 0.011218, showing a 2.0% increase from its average but within a constrained range. The market view indicates a broad level of volatility, particularly as the INR to JPY pair exhibited a significant fluctuation, trading as high as 1.8501 amidst broader uncertainty. FX analysts suggest that businesses should reevaluate their foreign exchange risk management strategies as the potential for heightened volatility persists, and preparation for fluctuating exchange rates is essential to mitigate impacts on both operational costs and profit margins.
BestExchangeRates.com keeps you up-to-date on Indian rupee forecasts by collating the views of reliable FX forecasters and economists together with recent INR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.