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Best Exchange Rates

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Foreign Transfers from India

Use our comparison table to find the best exchange rates for foreign transfers from India versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
₹INR
$USD

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedDeal Links
 
Instarem logo
139.41 USD0.01394100.75%
ICICI Bank International Money Transfers
ICICI Bank logo
134.05 USD0.01354₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
133.7 USD0.013505154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank International Money Transfers
Indian Bank logo
133.35 USD0.01347₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:0
Exchange Rate:0.013941 (0.75% from mid-rate)
USD amount:139.41 USD
Total Cost:0.75%
Time:1:03 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
ICICI Bank: Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.013540 (3.6% from mid-rate)
USD amount:134.05 USD
Total Cost:4.56%
Difference:
$5.36 less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Indian Bank logo ICICI Bank logo

Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:15
Exchange Rate:0.013203 (6% from mid-rate)
USD amount:133.7 USD
Total Cost:4.81%
Difference:
$5.71 less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Indian Bank: Foreign Transfer INR→USD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.013470 (4.1% from mid-rate)
USD amount:133.35 USD
Total Cost:5.06%
Difference:
$6.06 less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 INR = 0.014058 USD

This is the current INR-USD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market INR-USD exchange rate.

3 Month Chart
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Currency news and forecasts for Indian Rupee and United States Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the INR vs USD, you should pay attention to both Indian Rupee and United States Dollar news and forecasts.

Indian Rupee (INR) - Market news and forecasts

6-January-2019: Like other emerging market currencies, the Indian rupee was under significant pressure in 2018, during which it made an all-time low of ₹74.5 to the dollar and fell to a 4-1/2-year low versus the euro, at ₹86.15.

Following a solid fourth quarter, the rupee had risen by early January 2019 to a 4-month high versus the dollar of ₹69.36 — appreciation worth 7 percent from October’s low — and had recovered similarly versus the euro, to ₹79.29.

Among major problems for the rupee last year was the high price of oil, which raised India’s import bill substantially, but as luck would have it, the oil market experienced a complete reversal in Q4. A $30 per barrel (40 percent) plunge in the oil price was a blessing.

Political uncertainty (never good for a currency’s valuation) is likely to emerge in 2019; expectations are for a tough electoral battle for current Indian prime minister Narendra Modi.

Fitch predicted in January a 2019 year-end exchange rate of ₹75 to the dollar on the basis of further current account deterioration and tighter financing conditions.

United States Dollar (USD) - Market news and forecasts

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Currency News and Forecasts

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates