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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 = 71.04 INR

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USD to INR - Trading Range (90 Day)
14-DAY LOW (2d)
USD/INR at 71.04 is trading near the 90-day average 71.23 with a range 70.52 to 72.2. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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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
690,500
Best Overall
69.050^2.81%
XE logo
701,600
₹11,100 more
70.1601.24%
Wells Fargo Bank logo
675,482
₹15,018 less
67.67184.92%
HSBC logo
674,986
₹15,514 less
67.6U$154.99%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
670,901
₹19,599 less
67.48155.57%
Bank of America International Money Transfers
Bank of America logo
666,567
₹23,933 less
67.33U$1006.18%
U.S. Bank International Money Transfers
U.S. Bank logo
666,567
₹23,933 less
67.33U$1006.18%
 
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:69.05 (2.81% from mid-rate)
To Amount (INR)690,500
Total Cost:2.81%
Time:
Rate Fetched: Sat Jan 18 2020 06:03:32 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:70.16 (1.24% from mid-rate)
To Amount (INR)701,600
Total Cost:1.24%
Difference:
₹11,100 INR more than using OFX
Time:6:04 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:67.67 (4.75% from mid-rate)
To Amount (INR)675,482
Total Cost:4.92%
Difference:
₹15,018 INR less than using OFX
Time:6:04 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:67.6 (4.85% from mid-rate)
To Amount (INR)674,986
Total Cost:4.99%
Difference:
₹15,514 INR less than using OFX
Time:6:04 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:67.19 (5.42% from mid-rate)
To Amount (INR)670,901
Total Cost:5.57%
Difference:
₹19,599 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:67.33 (5.23% from mid-rate)
To Amount (INR)666,567
Total Cost:6.18%
Difference:
₹23,933 INR less than using OFX
Time:6:04 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:67.33 (5.23% from mid-rate)
To Amount (INR)666,567
Total Cost:6.18%
Difference:
₹23,933 INR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/18/2020 - 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
Banks - Average Rate Foreign Currency
61,538
Compare
62.16U$1013.38%
 
Banks - Average Rate
Travel Money USD→INR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:62.16 (12.5% from mid-rate)
To Amount (INR)61,538
Total Cost:13.38%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/18/2020 - 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 held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

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

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

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