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CAD to INR - Rate Guide

Canadian Dollar to Indian Rupee exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

CAD/INR update & alerts

1 CAD = 53.79 INR

Sell CAD - Buy INR  Invert

CAD to INR - Trading Range (90 Day)
no alerts
90-DAY TREND: At 53.77 CAD/INR is trading near the average 53.89 with a range 53.17 to 54.64. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

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CAD/INR Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to INR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/INR Quick Calculator.

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee CADTotal CostDeal Links
OFX logo
521,600
Best Overall
52.160^3.02%
XE logo
531,100
₹9,500 more
53.1101.26%
TD Canada Trust logo
512,226
₹9,374 less
51.74C$1004.76%
HSBC logo
510,633
₹10,967 less
51.14C$155.06%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
507,393
₹14,207 less
51.16155.66%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
506,781
₹14,819 less
51.19C$1005.78%
Scotiabank logo
506,286
₹15,314 less
51.14C$1005.87%
Royal Bank of Canada logo
501,039
₹20,561 less
50.61C$1006.84%
 

OFX logo

OFX: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:52.16 (3.02% from mid-rate)
To Amount (INR)521,600
Total Cost:3.02%
Time:
Rate Fetched: Sat Dec 07 2019 06:05:51 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:
Exchange Rate:53.11 (1.26% from mid-rate)
To Amount (INR)531,100
Total Cost:1.26%
Difference:
₹9,500 INR more than using OFX
Time:6:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:51.74 (3.8% from mid-rate)
To Amount (INR)512,226
Total Cost:4.76%
Difference:
₹9,374 INR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:51.14 (4.92% from mid-rate)
To Amount (INR)510,633
Total Cost:5.06%
Difference:
₹10,967 INR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:51.1 (4.99% from mid-rate)
To Amount (INR)507,393
Total Cost:5.66%
Difference:
₹14,207 INR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Coast Capital Savings logo

Coast Capital Savings: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:51.19 (4.83% from mid-rate)
To Amount (INR)506,781
Total Cost:5.78%
Difference:
₹14,819 INR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Scotiabank logo

Scotiabank: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:51.14 (4.92% from mid-rate)
To Amount (INR)506,286
Total Cost:5.87%
Difference:
₹15,314 INR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Royal Bank of Canada logo

Royal Bank of Canada: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:50.61 (5.9% from mid-rate)
To Amount (INR)501,039
Total Cost:6.84%
Difference:
₹20,561 INR less than using OFX
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount INR(₹)Exchange RateFee CADTotal CostDeal Links
Travelex Online CA logo
51,900
Best Overall
51.9$03.5%
Royal Bank of Canada logo
50,760
₹1,140 less
50.7605.62%
TD Canada Trust logo
50,240
₹1,660 less
50.2406.59%
Banks - Average Rate
Scotiabank logo TD Canada Trust logo Royal Bank of Canada logo
50,114
₹1,786 less
50.45C$106.82%
Scotiabank logo
49,343
₹2,557 less
50.35C$208.26%
 

Travelex Online CA logo

Travelex Online CA: Travel Money CAD→INR
From Amount (CAD)C$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:51.9 (3.51% from mid-rate)
To Amount (INR)51,900
Total Cost:3.5%
Time:
Rate Fetched: 6:07 Local
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Royal Bank of Canada logo

Royal Bank of Canada: Travel Money CAD→INR
From Amount (CAD)C$1,000
Fee:
Exchange Rate:50.76 (5.62% from mid-rate)
To Amount (INR)50,760
Total Cost:5.62%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

TD Canada Trust logo

TD Canada Trust: Travel Money CAD→INR
From Amount (CAD)C$1,000
Fee:
Exchange Rate:50.24 (6.59% from mid-rate)
To Amount (INR)50,240
Total Cost:6.59%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money CAD→INR
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:47.06 (12.5% from mid-rate)
To Amount (INR)50,114
Total Cost:6.82%
Currency Services:Branch
Delivery/Collect:-
 

Scotiabank logo

Scotiabank: Travel Money CAD→INR
From Amount (CAD)C$1,000
Fee:C$20 CAD (Minimum fee)
Exchange Rate:50.35 (6.39% from mid-rate)
To Amount (INR)49,343
Total Cost:8.26%
Time:6:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

CAD and INR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs INR, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

The Canadian dollar stormed ahead in the second half of June, rising to a 16-week high against the US dollar and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

Any delay to Canadian ratification of the USMCA trade deal (already accepted by Mexico) is likely to depress sentiment on Canada’s currency.

Read more in the article CAD Forecasts.

 

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

Why can't I just get the CAD/INR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / INR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all CAD Exchange Rates