The Scotiabank CAD to INR rate is 60.19. This is -3.4% below the mid-rate. Compare Scotiabank currency conversion rates - Reduce FX costs.
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The Scotiabank CAD to INR exchange rate is 60.19. This is -3.4% compared to the latest CAD-INR mid-market rate 62.33.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to Indian rupee (INR) rates from different sources before making a conversion.
The Scotiabank Loonie to Rupee comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest CAD-INR mid-rate (see Market Data below ) and the possible savings of using various providers.
Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.
One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.
When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/INR | Change | Period |
|---|---|---|---|
16 May 2025 | 61.27 | 0.8% ▲ | 2 Week |
01 Mar 2025 | 60.46 | 2.2% ▲ | 3 Month |
30 May 2024 | 60.89 | 1.5% ▲ | 1 Year |
31 May 2020 | 54.81 | 12.7% ▲ | 5 Year |
02 Jun 2015 | 51.28 | 20.5% ▲ | 10 Year |
04 Jun 2005 | 34.94 | 76.8% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to INR (Canadian dollar to Indian rupee)*.
*Converted at the current CADINR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Canadian dollar (CAD) has recently strengthened against the Indian rupee (INR), trading at 90-day highs near 62.32, which is 2.1% above its 3-month average of 61.05. Analysts attribute this rally to the CAD’s close correlation with rising oil prices, as Canada is a significant oil exporter. The latest movements in oil prices have seen OIL/USD trading at 63.87, which is 4.8% below its 3-month average of 67.1. Given the volatility in oil prices, which have ranged from 60.14 to 75.02 recently, any uptick could support further gains for the CAD.
Read our full review of recent CAD to INR forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to Indian rupee:
Generally speaking, if you are buying Indian rupee with Canadian dollar, then it's better for the CAD/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.
Read our Currency guide to India — a practical currency and money guide to travel in India plus living and doing business with the Indian rupee.
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 CAD/INR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| India (INR) | Canada (CAD) |
The cost of living in India is relatively low compared to developed countries. Basic goods and services cost less than 50% of what they cost in developed nations.
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.
Foreign nationals are subject to all laws in India, including local, state and national laws. There is no special legal status or exemption from Indian law for foreigners.
There is no one-size-fits-all answer to this question, as the experience of doing business in India can vary greatly depending on the specific industry, company, and location. However, in general, doing business in India can be challenging due to the country's complex bureaucracy, red tape, and corruption. Additionally, businesses may find it difficult to find qualified workers, and infrastructure can be unreliable.
The economy in India is complex and diversified. India is a newly industrialized country with a fast-growing economy. India's Gross Domestic Product (GDP) grew by 7.5% in 2016, and is expected to grow by 7.1% in 2017. India is the world's second-fastest growing economy after China.
Read more at our India (INR) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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