Compare & Save on US dollar to Indian rupee exchange rates. Latest US dollar to rupee analysis and forecasts.
In this US dollar to rupee rate guide:
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
This exchange rate calculator makes it easy to compare the Total Cost you are being charged on US dollar to rupee currency rates and the possible savings of using various providers.
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As per recent FX analyst forecasts, the outlook for USD to INR in March remains uncertain, with the key drivers impacting investor risk sentiment and FX markets. February's unexpectedly strong US Jobs report led to a surge in the US dollar against major currencies. Additionally, sluggish global GDP growth amid the inflationary environment has market participants' focus shifting towards the next interest rate statement.
China's improving economy, relaxation of strict COVID-zero policy, and projected reopening are also expected to influence the exchange rates. The recent acquisition of Credit Suisse by UBS in a government-brokered deal has resulted in increased market volatility. Consequently, the Indian rupee has weakened against the US dollar due to rising energy prices and concerns related to inflation and interest rate hikes. Over the past three months, USD/INR has traded within a 2.4% range of 80.95-82.93, with the current rate near the 3-month average.
Considering these dynamics, it is important for individuals and businesses to closely monitor the USD/INR exchange rate and adjust their international transactions accordingly.
US dollar to Indian rupee FX market data and key indicators - Interbank rate, charts, forecasts & historic rates and trends.
| Date | USD/INR | Change | Period |
|---|---|---|---|
15 Mar 2023 | 82.72 | 0.6% ▼ | 2 Week |
29 Dec 2022 | 82.84 | 0.7% ▼ | 3 Month |
29 Mar 2022 | 75.67 | 8.7% ▲ | 1 Year |
30 Mar 2018 | 65.08 | 26.4% ▲ | 5 Year |
31 Mar 2013 | 54.34 | 51.4% ▲ | 10 Year |
03 Apr 2003 | 47.70 | 72.5% ▲ | 20 Year |
There are several ways to save on exchange rates when converting US dollar to Indian rupee:
Generally speaking, if you are buying Indian rupee with US dollar, then it's better for the USD/INR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/INR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to India.
 United States (USD) |  India (INR) |
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The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.
Read more at our India (INR) country guide
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