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Compare USD to INR foreign transfers

Use our comparison table to find the best exchange rates for Indian Rupee foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
₹INR

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Foreign Transfer Providers
Ratings & Reviews
Receive INR(₹)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
683,500 INR
Best Overall
68.350^2%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
693,147 INR
9,647 INR
69.67$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
669,293 INR
14,207 INR
67.05184.03%Online, Branch, Bank Transfers2-3 days
HSBC logo
668,795 INR
14,705 INR
66.98$154.11%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
664,737 INR
18,763 INR
66.86154.69%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
660,429 INR
23,071 INR
66.71$1005.3%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
660,429 INR
23,071 INR
66.71$1005.3%Online, Branch, Bank Transfers2-3 days
 
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% from mid-rate)
INR amount:683,500 INR
Total Cost:2%
Time:
Rate Fetched: Tue Apr 23 2019 16:03:30 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→INR
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:69.67 (0.1% from mid-rate)
INR amount:693,147 INR
Total Cost:0.61%
Difference:
9,647 INR more than using OFX
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
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 (3.86% from mid-rate)
INR amount:669,293 INR
Total Cost:4.03%
Difference:
14,207 INR less than using OFX
Time:18:01 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 (3.96% from mid-rate)
INR amount:668,795 INR
Total Cost:4.11%
Difference:
14,705 INR less than using OFX
Time:18:01 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 (4.55% from mid-rate)
INR amount:664,737 INR
Total Cost:4.69%
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 (4.35% from mid-rate)
INR amount:660,429 INR
Total Cost:5.3%
Difference:
23,071 INR less than using OFX
Time:18:01 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 (4.35% from mid-rate)
INR amount:660,429 INR
Total Cost:5.3%
Difference:
23,071 INR less than using OFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the USD-INR mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-INR exchange rate.

Currency news and forecasts for United States 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 must always be quoted in comparison to a second 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 United States Dollar and Indian Rupee news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Indian Rupee (INR) - Market news and forecasts

In the second week of March, the rupee was little changed on the year (<1 percent difference) against the dollar at rates near ₹70. It was, however, considerably higher than its record low of ₹74.52, achieved in October. The rupee hasn’t done badly in 2019 considering the 23 percent rise in the price of oil (India’s biggest import). Political uncertainty (never good for a currency’s valuation) is likely to emerge as we approach May’s election. A tough battle is expected for current Indian Prime Minister Narendra Modi and his Bharatiya Janata Party. Should the BJP be defeated, “the rupee could potentially spike to 74,” a Radobank economist said. In March, the Economic Times reported the results of a poll of 50 foreign exchange experts, who collectively estimated a year-end USD/INR rate of ₹71.3. This differed from January’s forecast from the Fitch ratings agency, which said it expects ₹75 on the basis of further current account deterioration and tighter financing conditions.