Reserve Bank Of India
The Reserve Bank Of India (RBI) is the central bank of India. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the RBA manipulates interest rates this impacts both the inflation in India and also the relative value of the Indian rupee compared to other currencies.
RBI Recent Interest Rate Decisions:
The RBI in early August announced a rate hike of 50 basis points to 5.40 per cent, the highest interest rate level in India since 2019.
Read our guide to the Relationship between Interest Rates and Currencies.
Exchange rates published by Central Banks such as the Reserve Bank of India are the latest interbank mid-market exchange rates, here are some of the most popular INR exchange rates:
Indian rupee to US dollar
US dollar to Indian rupee
Indian rupee to Australian dollar
Indian rupee to Canadian dollar
Indian rupee to Euro
Indian rupee to Pound Sterling
Indian rupee to United Arab Emirates dirham
Indian rupee to Indonesian rupiah
Indian rupee to Malaysian ringgit
You Can Save Money when you Compare Reserve Bank of India Exchange Rate Margins & Fees
The below comparison table makes it easy to calculate the Total Cost you are being charged on your currency transaction versus 
Reserve Bank of India market mid-rates. It is easy to calculate any savings available from popular market-leading FX providers.
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