Loading...

Home pages - full list (A-Z)

INR to AUD - Rate Guide

Indian Rupee to Australian Dollar 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.

 

INR/AUD update & alerts

1 INR = 0.020505 AUD

Sell INR - Buy AUD  Invert

INR to AUD - Trading Range (90 Day)
14-DAY LOW (3d)
90-DAY TREND: At 0.020508 INR/AUD is trading 0.4% below the average 0.020597 with a range 0.020256 to 0.020975. There are no current alerts.
Update: 06-Dec 16:04-EST 21:04-GMT 08:04-AEDT(+1D)

More Charts

INR/AUD Exchange Rates and Providers Compared

This guide to the Indian Rupee to Australian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and INR to AUD 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 INR/AUD Quick Calculator.

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 INR/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

INR to AUD International Money Transfers

  

Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
A$195.690.019767₹1004.56%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
A$195.180.019716154.81%
Indian Bank International Money Transfers
Indian Bank logo
A$194.670.019664₹1005.06%
 

ICICI Bank logo

ICICI Bank: Foreign Transfer INR→AUD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.019767 (3.6% from mid-rate)
To Amount (AUD) A$195.69
Total Cost:4.56%
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer INR→AUD
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.019275 (6% from mid-rate)
To Amount (AUD) A$195.18
Total Cost:4.81%
Difference:
A$0.51 AUD less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Indian Bank logo

Indian Bank: Foreign Transfer INR→AUD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.019664 (4.1% from mid-rate)
To Amount (AUD) A$194.67
Total Cost:5.06%
Difference:
A$1.02 AUD less than using ICICI Bank
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

INRAUD blended flags

INR and AUD in the Markets

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

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.

 

Australian Dollar (AUD)

In November it was all downhill traffic for the Australian dollar dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end. At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

Why can't I just get the INR/AUD 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 INR / AUD 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.

INRAUD blended flags

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 INR Exchange Rates