Best Exchange Rates
Best Exchange Rates

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USD to INR

United States Dollar to Indian Rupee - Calculate Compare Save

USD to INR mid-rate = 72.0048

Right now the USD/INR market mid-rate is 72.0048 and represents ideally how many Indian Rupee you can get for one United States Dollar.

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that you will not be able to purchase the currency before departure and will 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

You can calculate equivalent United States Dollar to Indian Rupee currency amounts (at mid-rate) below.

 

Currency Converter USD to INR


$USD


₹INR
1 United States Dollar equals
72.0048 Indian Rupee
1INR= 0.013888 USD

Compare how much you can save on exchange rates for:

Foreign Transfers   

Get fee-free global transfers with partner OFX


3 Month USD/INR Chart
USD-INR 3 Month chart

United States Dollar

Indian Rupee

1 USD 72.00 INR
5 USD 360.02 INR
10 USD 720.05 INR
20 USD 1,440.10 INR
50 USD 3,600.24 INR
100 USD 7,200.48 INR
250 USD 18,001.20 INR
500 USD 36,002.40 INR
1,000 USD 72,004.80 INR
2,000 USD 144,009.60 INR
5,000 USD 360,024.00 INR
10,000 USD 720,048.00 INR
50,000 USD 3,600,240.00 INR

United States Dollar

Indian Rupee

0.0139 USD 1 INR
0.0694 USD 5 INR
0.1389 USD 10 INR
0.2778 USD 20 INR
0.6944 USD 50 INR
1.3888 USD 100 INR
3.4720 USD 250 INR
6.9440 USD 500 INR
13.89 USD 1,000 INR
27.78 USD 2,000 INR
69.44 USD 5,000 INR
138.88 USD 10,000 INR
694.40 USD 50,000 INR

INR Country Guides
IndiaIndia

United States Dollar to Indian Rupee (USD-INR) - 10 Year History

The below table shows the historic variation in the USD/INR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.

DateExchange RatePeriodChange
19 Sep 201872.1500Latest
12 Sep 201871.93541 Week+0.3%
20 Aug 201869.76491 Month+3.42%
23 Mar 201865.01336 Months+10.98%
19 Sep 201764.31001 Year+12.19%
19 Sep 201666.99312 Years+7.7%
20 Sep 201362.37355 Years+15.67%
21 Sep 200845.854810 Years+57.34%

The three things you need in order to get a good USD to INR exchange rate

  1. Know the latest USD/INR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Transaction Costs - Margins and Fees for USD/INR Transfers and Currency Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to INR.

Compare Foreign Transfers vs the Banks

Send USD $10,000 → Receive INR

ProviderReceive Amount INRExchange RateCostReviewsLinks to Offers
OFX logoOFX
₹710,100 INR71.011.52%
 
Wells Fargo Bank logoWells Fargo Bank
₹693,949 INR69.523.76%
HSBC logoHSBC
₹693,458 INR69.453.83%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
₹689,243.25 INR69.32754.41%
Bank of America logoBank of America
₹684,783 INR69.175.03%
U.S. Bank logoU.S. Bank
₹684,783 INR69.175.03%
 
OFX: rate, rating & reviews
From amount:$10,000 USD
To amount:₹710,100 INR
Exchange Rate:71.01
Total Cost:1.52% (against USD/INR mid-rate: 72.1041)
Timestamp:
Rate Fetched: Wed Sep 19 2018 14:04:47 GMT+0000 (UTC)
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: rate, rating & reviews
From amount:$10,000 USD
To amount:₹693,949 INR
Exchange Rate:69.52
Total Cost:3.76% (against USD/INR mid-rate: 72.1041)
Difference:
₹16,151 INR less than using OFX
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$10,000 USD
To amount:₹693,458 INR
Exchange Rate:69.45
Total Cost:3.83% (against USD/INR mid-rate: 72.1041)
Difference:
₹16,642 INR less than using OFX
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Banks - Average Rate :
From amount:$10,000 USD
To amount:₹689,243.25 INR
Exchange Rate:69.03
Total Cost:4.41% (against USD/INR mid-rate: 72.1041)
Difference:
₹20,857 INR less than using OFX
Bank of America: rate, rating & reviews
From amount:$10,000 USD
To amount:₹684,783 INR
Exchange Rate:69.17
Total Cost:5.03% (against USD/INR mid-rate: 72.1041)
Difference:
₹25,317 INR less than using OFX
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
U.S. Bank: rate, rating & reviews
From amount:$10,000 USD
To amount:₹684,783 INR
Exchange Rate:69.17
Total Cost:5.03% (against USD/INR mid-rate: 72.1041)
Difference:
₹25,317 INR less than using OFX
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs USD/INR mid-rate: 72.1041
Rates @ 09/19/2018

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Compare Travel Money Exchange Rates vs the Banks

USD $1,000 → Spend Indian rupee (INR)

ProviderSpend Amount USDExchange RateCostReviewsLinks to Offers
Travelex Online US logoTravelex Online US
₹54,590 INR
Top Provider
54.589724.29%
 
HSBC logoHSBC
₹54,040 INR
₹550 less
54.0425.05%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo HSBC logo
₹53,316.33 INR
₹1,274 less
53.676726.06%
Wells Fargo Bank logoWells Fargo Bank
₹52,959 INR
₹1,631 less
54.0426.55%
U.S. Bank logoU.S. Bank
₹52,950 INR
₹1,640 less
52.9526.56%
Travelex Online US: rate, rating & reviews
From amount:$1,000 USD
To amount:₹54,590 INR
Exchange Rate:54.5897
Total Cost:24.29% (against USD/INR mid-rate: 72.1041)
Fees:$0
Timestamp:
Rate Fetched: Thu Feb 15 2018 16:45:03 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
HSBC: rate, rating & reviews
From amount:$1,000 USD
To amount:₹54,040 INR
Exchange Rate:54.04
Total Cost:25.05% (against USD/INR mid-rate: 72.1041)
Fees:$0
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo HSBC logo

Banks - Average Rate :
From amount:$1,000 USD
To amount:₹53,316.33 INR
Exchange Rate:63.09
Total Cost:26.06% (against USD/INR mid-rate: 72.1041)
Fees:$10
Wells Fargo Bank: rate, rating & reviews
From amount:$1,000 USD
To amount:₹52,959 INR
Exchange Rate:54.04
Total Cost:26.55% (against USD/INR mid-rate: 72.1041)
Fees: Minimum 20 USD
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
U.S. Bank: rate, rating & reviews
From amount:$1,000 USD
To amount:₹52,950 INR
Exchange Rate:52.95
Total Cost:26.56% (against USD/INR mid-rate: 72.1041)
Fees:$0
Timestamp:15:08 Local
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Request a free multiple-vendor quote: Get Quotes
* Cost = exchange rate margin + fees vs USD/INR mid-rate: 72.1041
Rates @ 09/19/2018

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 comparison calculators make shopping around easy and help you calculate how much you can save.


Currency News, Research and Forecasts for United States 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 USD vs INR, you should pay attention to both United States Dollar and Indian Rupee news and forecasts.

United States Dollar (USD) - Market news and forecasts

Until mid-August, the US dollar had been thriving, with a trade-weighted gain of 5.1 percent since January. A one-month wobble to mid-September had erased more than half of those gains but the remaining year-to-date gain of 2.4 percent was at least looking far rosier than 2017’s 10 percent slump. In a year in which safe havens have done well, the dollar ranked as the fifth best performer from a list of 21 important currencies.

Reasons for the dollar’s recent fall weren’t entirely obvious at the time of writing (September-17), given that most fundamental drivers appeared to be supportive, and those included a jump in US earnings, solid economic growth and safe-haven flows caused by trade tensions.

In mid-September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term.

Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump would like a far lower dollar.

A near-term negative turn in US economic data might see the dollar lose 5-7 percent, ING said.

Indian Rupee (INR) - Market news and forecasts

Like other emerging market currencies, the Indian rupee has been under significant pressure in 2018. It made an all-time low in mid-September of 72.9 to the dollar and fell to a three-year low versus the euro, which fetched 84.5 rupees. The rupee at least held the major 52 level versus the Australian dollar.

Major problems for the rupee in 2018 have been the high price of oil, which raises India’s import bill substantially; negativity on emerging markets, driven by the summer’s currency crises in Argentina and Turkey; and higher US interest rates, which drive capital away from high-rate-paying countries like India.

An analyst at ING said in September that he saw “no strong reasons why this trend [of rupee depreciation] should reverse soon.”

Although it is probable that interest rates will be raised further in India in the coming months as a means of limiting currency weakness, some analysts remain skeptical on how supportive these rate hikes will be given other factors.

Natixis, like ING, said in September that it was bearish on emerging market currencies, including the Indian rupee.

Why can't I just get the same USD/INR market rate I see on Google or in the Media?

The USD/INR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / INR was traded (bought or sold) in the international markets.


When you look up the current United States Dollar to Indian Rupee exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to INR mid-rate on google

USD to INR mid-rate on google search

Getting a great USD to INR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our USD to INR currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific United States Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.