Loading...

Home pages - full list (A-Z)

USD to INR - Rate Guide

United States 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.

 

USD/INR update & alerts

1 USD = 71.71 INR

USD to INR - Trading Range (90 Day)
no alerts
90-DAY TREND: At 71.75 USD/INR is trading 0.6% above the average 71.29 with a range 70.51 to 72.2. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

More Charts

USD/INR Exchange Rates and Providers Compared

This guide to the United States Dollar to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and USD 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 USD/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 USD/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee USDTotal CostDeal Links
OFX logo
698,700
Best Overall
69.870^2.53%
XE logo
707,900
₹9,200 more
70.7901.24%
Wells Fargo Bank logo
683,468
₹15,232 less
68.47184.65%
HSBC logo
682,974
₹15,726 less
68.4U$154.72%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
678,805
₹19,895 less
68.28155.3%
Bank of America International Money Transfers
Bank of America logo
674,388
₹24,312 less
68.12U$1005.92%
U.S. Bank International Money Transfers
U.S. Bank logo
674,388
₹24,312 less
68.12U$1005.92%
 

OFX logo

OFX: Foreign Transfer USD→INR
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:69.87 (2.53% from mid-rate)
To Amount (INR)698,700
Total Cost:2.53%
Time:
Rate Fetched: Fri Nov 22 2019 11:03:34 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 USD→INR
From Amount (USD)U$10,000
Fee:
Exchange Rate:70.79 (1.24% from mid-rate)
To Amount (INR)707,900
Total Cost:1.24%
Difference:
₹9,200 INR more than using OFX
Time:12:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→INR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:68.47 (4.48% from mid-rate)
To Amount (INR)683,468
Total Cost:4.65%
Difference:
₹15,232 INR less than using OFX
Time:12:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer USD→INR
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:68.4 (4.58% from mid-rate)
To Amount (INR)682,974
Total Cost:4.72%
Difference:
₹15,726 INR less than using OFX
Time:12:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→INR
From Amount (USD)U$10,000
Fee:15
Exchange Rate:67.98 (5.16% from mid-rate)
To Amount (INR)678,805
Total Cost:5.3%
Difference:
₹19,895 INR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logo

Bank of America: Foreign Transfer USD→INR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:68.12 (4.97% from mid-rate)
To Amount (INR)674,388
Total Cost:5.92%
Difference:
₹24,312 INR less than using OFX
Time:12:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Foreign Transfer USD→INR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:68.12 (4.97% from mid-rate)
To Amount (INR)674,388
Total Cost:5.92%
Difference:
₹24,312 INR less than using OFX
Time:12:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - 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 USDTotal CostDeal Links
Travelex Online US logo
54,590
Best Overall
54.58970^23.84%
U.S. Bank Foreign Currency
U.S. Bank logo
52,950
₹1,640 less
52.95026.13%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
52,421
₹2,169 less
52.95U$1026.87%
Wells Fargo Bank logo
51,891
₹2,699 less
52.95U$2027.61%
 

Travelex Online US logo

Travelex Online US: Travel Money USD→INR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:54.5897 (23.84% from mid-rate)
To Amount (INR)54,590
Total Cost:23.84%
Time:
Rate Fetched: Thu Feb 15 2018 16:45:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

U.S. Bank logo

U.S. Bank: Travel Money USD→INR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:52.95 (26.13% from mid-rate)
To Amount (INR)52,950
Total Cost:26.13%
Time:12:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→INR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:62.72 (12.5% from mid-rate)
To Amount (INR)52,421
Total Cost:26.87%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logo

Wells Fargo Bank: Travel Money USD→INR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:52.95 (26.13% from mid-rate)
To Amount (INR)51,891
Total Cost:27.61%
Time:12:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 11/22/2019 - See full table

USD and INR in the Markets

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

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD 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 USD/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 USD / 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 USD Exchange Rates