Loading...
Best Exchange Rates

Home pages - full list (A-Z)

Compare AUD to INR foreign transfers

Use our comparison table to find the best exchange rates for Indian Rupee foreign transfers 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:

   
$AUD
₹INR

Compare Deals
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive INR(₹)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
TorFX logo
478,800 INR
Best Overall
47.8802.1%Bank Transfers - Online & Phone1-2 days
 
OFX (OzForex) logo
479,300 INR
500 INR
47.930^2%Bank Transfers - Online & Phone1-2 days
 
National Australia Bank (nab) logo
472,957 INR
5,843 INR
47.4223.29%Online, Branch, Bank Transfers2-3 days
 
ANZ Bank logo
467,966 INR
10,834 INR
46.881184.31%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo ANZ Bank logo Bank of Queensland logo
466,415 INR
12,385 INR
46.75154.63%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
458,321 INR
20,479 INR
45.97306.29%Online, Branch, Bank Transfers2-3 days
TorFX: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:47.88 (2.1% from mid-rate)
INR amount:478,800 INR
Total Cost:2.1%
Time:0:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
OFX (OzForex): Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:47.93 (2% from mid-rate)
INR amount:479,300 INR
Total Cost:2%
Difference:
500 INR more than using TorFX
Time:
Rate Fetched: Wed Mar 20 2019 00:01:14 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:47.40 (3.08% from mid-rate)
INR amount:472,957 INR
Total Cost:3.29%
Difference:
5,843 INR less than using TorFX
Time:
Rate Fetched: website - Tue Mar 19 2019 23:05:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:46.8810 (4.14% from mid-rate)
INR amount:467,966 INR
Total Cost:4.31%
Difference:
10,834 INR less than using TorFX
Time:
Rate Fetched: website - Wed Mar 20 2019 00:03:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:47.52 (2.83% from mid-rate)
INR amount:466,415 INR
Total Cost:4.63%
Difference:
12,385 INR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of Queensland: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:45.97 (6% from mid-rate)
INR amount:458,321 INR
Total Cost:6.29%
Difference:
20,479 INR less than using TorFX
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

1 AUD = 48.7708 INR

This is the current AUD-INR 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 AUD-INR exchange rate.

3 Month Chart
Loading AUDUSD rates

Currency news and forecasts for Australian Dollar and Indian Rupee

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 AUD vs INR, you should pay attention to both Australian Dollar and Indian Rupee news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Indian Rupee (INR) - Market news and forecasts

In the second week of March, the rupee was little changed on the year (<1 percent difference) against the dollar at rates near ₹70. It was, however, considerably higher than its record low of ₹74.52, achieved in October.

The rupee hasn’t done badly in 2019 considering the 23 percent rise in the price of oil (India’s biggest import).

Political uncertainty (never good for a currency’s valuation) is likely to emerge as we approach May’s election. A tough battle is expected for current Indian Prime Minister Narendra Modi and his Bharatiya Janata Party. Should the BJP be defeated, “the rupee could potentially spike to 74,” a Radobank economist said.

In March, the Economic Times reported the results of a poll of 50 foreign exchange experts, who collectively estimated a year-end USD/INR rate of ₹71.3. This differed from January’s forecast from the Fitch ratings agency, which said it expects ₹75 on the basis of further current account deterioration and tighter financing conditions.

Currency News and Forecasts - Australian Dollar

TransferWise Borderless Account – BER Review
CBOE Ditches Bitcoin Futures Amid Reduced Interest
Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD...
Australian Dollar Still Struggling; AUD/GBP at Lowest Since 2016
Pound Falls From 21-Month High After Doubts Cast on May’s “Legally ...
Australian Dollar, Euro Get Lift from “Too Bad to Be True” US Data