The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
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INR to EUR Market Data
Indian rupee (INR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias
EUR/INR set to stay bullish-to-range-bound, above the 90-day avg and near the upper end of the 3m range. ECB neutral stance vs RBI defense keeps the gap; oil volatility and RBI FX ops keep INR risk skewed higher. Upside risk: fresh outflows; downside risk: stabilisation or stronger RBI action.
Key drivers
- Rate gap: The ECB maintains a neutral stance while the RBI remains active in defending the rupee, widening the policy gap and helping EUR/INR hold its ground.
- Risk/commodities: Oil sits near 30-day highs with increased volatility, pointing to higher India energy costs and a firmer INR risk factor that can push EUR/INR higher.
- Macro factor: RBI FX interventions have persisted amid capital outflows, shaping INR moves.
Range
It should drift within the recent 3-month range, with a tilt toward the upper end but likely to stay within bounds, as traders wait for clearer cues.
What could change it
- Upside risk: A fresh wave of capital outflows or a sustained pullback in the rupee, pushing EUR/INR toward the higher end.
- Downside risk: A stabilisation in India’s external position or stronger RBI intervention to support INR, pressing EUR/INR lower
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INR to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Indian rupee are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different INR amounts at today’s rate * :
What is the
best Send Money conversion rate for INR to EUR?
The best INR to EUR exchange rate is 0.0094 from Wise. This is -1% compared to the mid-market rate 0.009497.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Indian rupee (INR) to Euro (EUR) rates from different sources before making a conversion.
The above
Rupee to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest INR-EUR mid-rate and the possible savings of using various providers.
How do INR-EUR rates compare between providers?
Looking at the full
INR to EUR - Send Money comparison table the provider with the best INR to EUR exchange rate is Wise at 0.0094, -1% from the latest mid-market rate 0.009497.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.