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Best Send Money to United States INR/USD Rates Compared Live

The best INR to USD exchange rate is 0.011989. Compare foreign transfer and currency exchange rates, find better rates & deals.

INR-USD Best Exchange Rate Calculator
 

Comparing INR-USD send money exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Indian rupee (INR) to US dollar (USD) rates from different sources before making a conversion.

The above Rupee to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest INR-USD mid-rate (see below) and the possible savings of using another provider.

 
 

INR to USD Market Data

Indian rupee (INR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 INR =
0.011989We compare provider deals to this wholesale mid-market rate. Read more
USD
+0.0%
📉3M
INR to USD at 0.011998 is just below its 3-month average, having traded in a stable 1.1% range from 0.011960 to 0.012090
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DateINR/USDPeriod
10 Mar 2024
0.0121
2 Week
25 Dec 2023
0.0120
3 Month
25 Mar 2023
0.0121
1 Year
26 Mar 2019
0.0145
5 Year
27 Mar 2014
0.0166
10 Year
29 Mar 2004
0.0227
20 Year
INR/USD historic rates
 

What are equivalent amounts of INR and USD?

Here are some popular conversion amounts for INR to USD (Indian rupee to US dollar)*.

INR USD
₹ 1 $ 0.0120
₹ 5 $ 0.0599
₹ 10 $ 0.1199
₹ 20 $ 0.2398
₹ 50 $ 0.5995
₹ 100 $ 1.1989
₹ 250 $ 2.9973
₹ 500 $ 5.9945
₹ 1,000 $ 11.99
₹ 2,000 $ 23.98
₹ 5,000 $ 59.95
₹ 10,000 $ 119.89
₹ 20,000 $ 239.78
₹ 50,000 $ 599.45
₹ 100,000 $ 1,199
INR USD
83.41 $ 1
417.05 $ 5
834.10 $ 10
1,668 $ 20
4,171 $ 50
8,341 $ 100
20,853 $ 250
41,705 $ 500
83,410 $ 1,000
166,820 $ 2,000
417,050 $ 5,000
834,100 $ 10,000
1,668,200 $ 20,000
4,170,500 $ 50,000
8,341,000 $ 100,000

More amounts

*Converted at the current INRUSD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for INR to USD

 

Based on recent exchange rate analyst forecasts and currency market updates, the outlook for the INR to USD exchange rate suggests a continuation of the current bullish trend, with the exchange rate expected to fluctuate within the range of 82 to 84. Analysts do not anticipate any easing from the Reserve Bank of India (RBI) until 2024, which could contribute to the stability of the rupee against the US dollar. Despite some near-term pressures such as elevated US Treasury yields, a weak yuan, and fluctuations in crude oil prices weighing on the rupee, there is expected to be some support in the future as these factors moderate.

Read our full review of recent INR to USD forecasts.

 

How to get a good INR to USD exchange rate

There are several ways to save on exchange rates when converting Indian rupee to US dollar:

  1. Shop around for the best INR/USD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the INR/USD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both INR and USD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying US dollar with Indian rupee, then it's better for the INR/USD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Indian rupee rise against the US dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add INR/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

 
 
 

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Setting up a business in the US as a foreigner

Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.

Read more at our United States (USD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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