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USD/INR - Convert Compare Save

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.

 

This resource page for the United States Dollar to Indian Rupee exchange rate, has news, forecasts and USD to INR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

USD/INR Exchange Rates - How to Compare & Save

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
683,500 INR
Best Overall
68.350^2.06%
Wells Fargo Bank logo
669,293 INR
14,207 INR
67.05184.1%
HSBC logo
668,795 INR
14,705 INR
66.98$154.17%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
664,737 INR
18,763 INR
66.86154.75%
Bank of America International Money Transfers
Bank of America logo
660,429 INR
23,071 INR
66.71$1005.37%
U.S. Bank International Money Transfers
U.S. Bank logo
660,429 INR
23,071 INR
66.71$1005.37%
 
OFX: Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:68.35 (2.06% from mid-rate)
INR amount:683,500 INR
Total Cost:2.06%
Time:
Rate Fetched: Mon Jun 17 2019 06:03:29 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:18
Exchange Rate:67.05 (3.92% from mid-rate)
INR amount:669,293 INR
Total Cost:4.1%
Difference:
14,207 INR less than using OFX
Time:6:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:66.98 (4.02% from mid-rate)
INR amount:668,795 INR
Total Cost:4.17%
Difference:
14,705 INR less than using OFX
Time:6:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:15
Exchange Rate:66.57 (4.61% from mid-rate)
INR amount:664,737 INR
Total Cost:4.75%
Difference:
18,763 INR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:66.71 (4.41% from mid-rate)
INR amount:660,429 INR
Total Cost:5.37%
Difference:
23,071 INR less than using OFX
Time:6:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:66.71 (4.41% from mid-rate)
INR amount:660,429 INR
Total Cost:5.37%
Difference:
23,071 INR less than using OFX
Time:6:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 06/17/2019 - 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 INR
Best Overall
54.58970^21.78%
U.S. Bank Foreign Currency
U.S. Bank logo
52,950 INR
1,640 INR
52.95024.13%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
52,421 INR
2,169 INR
52.95$1024.89%
Wells Fargo Bank logo
51,891 INR
2,699 INR
52.95$2025.64%
Travelex Online US: Travel Money USD→INR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:54.5897 (21.78% from mid-rate)
INR amount:54,590 INR
Total Cost:21.78%
Time:
Rate Fetched: Thu Feb 15 2018 16:45:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→INR
USD amount:$1,000 USD
Fee:0
Exchange Rate:52.95 (24.13% from mid-rate)
INR amount:52,950 INR
Total Cost:24.13%
Time:6:14 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→INR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:61.06 (12.51% from mid-rate)
INR amount:52,421 INR
Total Cost:24.89%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→INR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:52.95 (24.13% from mid-rate)
INR amount:51,891 INR
Total Cost:25.64%
Time:6:14 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

USD to INR interbank exchange rate = 69.9447

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 Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on USD/INR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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