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  1. Exchange Rates
  2. U.S. dollar (USD)
  3. Indian rupee (INR)

Convert USD to INR at Best Exchange Rates

1 U.S. dollar equals
Indian rupee 1USD=INR

There are three simple steps you need to take in order to get a good USD-INR exchange rate:

  1. Know the latest USD to INR market mid-rate shown above - this is your starting point!
  2. Compare your Bank's exchange rates to several licensed FX providers, remember to compare both 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 U.S. dollar and Indian rupee currencies, if available.

1. Market USD/INR mid-rate

Right now the USD/INR market rate is and represents how many Indian rupee you can get for one U.S. dollar.

Calculate equivalent currency amounts with this USD to INR currency converter then select the transaction type to compare the best exchange rates available.


Currency Converter USD to INR

$
1 USD equals
INR 1USD=INR

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
1 Week USD/INR Chart
USD-INR 1 Week chart

U.S. dollar to Indian rupee (USD-INR) - 10 Year History

DateExchange RatePeriodChange
20 Jun 201868.0550Latest
13 Jun 201867.64061 Week+0.61%
21 May 201868.11501 Month-0.09%
22 Dec 201764.02056 Months+6.3%
20 Jun 201764.65501 Year+5.26%
20 Jun 201667.39952 Years+0.97%
21 Jun 201359.41395 Years+14.54%
22 Jun 200842.922810 Years+58.55%

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.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for USD/INR Foreign 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.

USD to INR Foreign Transfer - Costs Compared

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.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to INR

OFX logo OFX (prev. USForex)
1USD=67.87INR
₹678,700 INR (0.48%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: ₹678,700 INR
Exchange Rate: 67.87
Fees: USD 0
Total Cost : 0.48% (from mid-rate: 68.1950)
This is the amount of money that could be received by your transfer at rate USD/INR=67.87 and inclusive of the fee of USD 0.
Rate timestamp : Thu Jun 21 2018 05:04:45 GMT+0000 (UTC)
Bank Rates - Average
1USD=65.84INR
₹657,412 INR (3.6%)
This is the average USD to INR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: ₹657,412 INR
Exchange Rate: 65.84
Fees: USD 15
Total Cost : 3.6% (from mid-rate: 68.1950)
Receive INR ₹21,288 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/INR=65.84 and inclusive of the fee of USD 15.

Travel Money USD to INR - Costs Compared

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.

Travel Money Exchange Rates Compared

Buying INR Cash with USD 1,000

Bank Rates - Average
1USD=59.67INR
₹59,073 INR (13.38%)
This is the average USD to INR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: ₹59,073 INR
Exchange Rate: 59.67
Fees: USD 10 (1%)
Total Cost : 13.38% (from mid-rate: 68.1950)
Amount of money that could be received by your currency exchange at rate USD/INR=59.67 and inclusive of the fee of USD 10 (1%).
Travelex Online logo Travelex Online
1USD=54.5897INR
₹54,590 INR (19.95%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: ₹54,590 INR
Exchange Rate: 54.5897
Fees: USD 0
Total Cost : 19.95% (from mid-rate: 68.1950)
Amount of money that could be received by your currency exchange at rate USD/INR=54.5897 and inclusive of the fee of USD 0.
Rate timestamp : Thu Feb 15 2018 16:45:03 GMT+0000 (UTC)

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.

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

When you look up the current U.S. 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 U.S. dollar cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for U.S. 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 is always determined quoted in comparison to another 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 U.S. dollar and Indian rupee news and forecasts.

U.S. dollar (USD) - Market news and forecasts

It was a fine run for the dollar during the six-week period ending May 25th – the day of this report. The Dollar Index never looked back after breaking from a pocket of congestion in the final week of April. The index ended this period achieving a six-month high of 94.3. The dollar benefited from higher US yields.

Against individual currencies, within this timeframe the dollar was impressive against the euro, which fell to buy only 1.165 dollars, from levels near 1.24; against the pound, which fell to buy 1.33 dollars, from 1.44; and against the New Zealand dollar, which fell to 0.69 from 0.738.

A warning on the dollar’s medium-term outlook was offered in May by Citibank. The bank argues that downward pressure on the dollar will resume because Washington’s planned fiscal spending will cause a further deterioration in the US’ twin deficits. The dollar might have 5 percent downside over 6-12 months and 10 percent downside in the long run, a Citi analyst said.

In the coming month, supporting the dollar against growth-sensitive currencies, which include CAD, AUD, NZD, SEK, NOK, SGD and most of the emerging market currencies, will be developments surrounding global trade. In May, trade tensions resurfaced after the US Commerce Department announced it would investigate automobile imports. In 2018, Washington had already announced tariffs on aluminium and steel imports, angering much of the rest of the world.

Indian rupee (INR) - Market news and forecasts

Against the dollar, the rupee remains weak by recent standards: it fell to an eighteen-month low in May and at the time of this report had recovered only 2.5 percent; although, on June 1st it did have one of its best days in recent years after data showed India’s economy growing faster than any other in the world. The rupee is also weak compared with other major currencies like the yen, euro and Chinese yuan.

According to one analyst, without higher Indian interest rates, the rupee will weaken again.

The RBI has not raised rates since 2011 but to do so would be to follow in the footsteps of its peers. Four emerging market central banks raised rates in May in order to counter higher US interest rates and the stronger dollar, which are equally bothersome to India.

Further to inflation, which is already above target, among factors to be considered by the RBI ahead of any hike are the recent escalation in global trade tensions, the high price of oil (India’s largest import) and a troubled banking sector.

Come July, seasonal factors will support the rupee. The April-June period each year is usually a time when the rupee loses value due to India’s heightened gold demand heading into the Hindu festival of Akshaya Tritiya.


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