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    Best INR to USD Exchange Rates

    The best INR to USD rate is 0.012004, and is the current mid-market exchange rate. We help you compare Indian rupee to US dollar rates and costs to this live market rate.

    In this rupee to Dollar (INR/USD) rate guide:

    Compare exchange rates - INR to USD

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Indian rupee (INR) to US dollar (USD) rates from different sources before making a conversion.

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on rupee to Dollar currency rates and the possible savings of using various providers.

     

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    INR to USD Market Data

    Indian rupee (INR) to US dollar (USD) market data - latest interbank mid-rate, trend, chart & historic rates.

     
    1 INR =
    0.012004We compare provider deals to this wholesale mid-market rate. Read more
    USD
    INR to USD at 0.012004 is just below its 3-month average, having traded in a stable 1.1% range from 0.011988 to 0.012117
    |
    Sell INR   →   Buy USD
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    14-DAY LOW
    DateINR/USDPeriod
    12 Nov 2023
    0.0120
    2 Week
    28 Aug 2023
    0.0121
    3 Month
    26 Nov 2022
    0.0122
    1 Year
    27 Nov 2018
    0.0141
    5 Year
    28 Nov 2013
    0.0160
    10 Year
    01 Dec 2003
    0.0219
    20 Year
    INR/USD historic rates

    Forecasts for INR to USD

    14-DAY LOW

    According to a Reuters Poll of Forex Strategists, the US dollar's dominance, backed by a solid domestic economy and high Treasury yields, will likely continue to present a formidable challenge for most major currencies including the Indian rupee, up until the end of the year. The greenback has shown resilience amidst various global economic pressures, such as the slow growth outlook and the situation in China that dampens risk sentiment. However, the market view suggests that the dollar may see a modest weakening into the next year, especially with the Federal Reserve expected to gear towards an interest rate cut. Therefore, the current trajectory of dollar strength might extend into 2024, but with the anticipation of a gradual softening as monetary policy adjustments come into focus.

    Read our full INR to USD forecasts analysis

     
    INR note

    How to get a good INR to USD exchange rate

    There are several ways to save on exchange rates when converting Indian rupee to US dollar:

    1. Shop around for the best INR/USD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the INR/USD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both INR and USD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying US dollar with Indian rupee, then it's better for the INR/USD 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.

    Will the Indian rupee rise against the US dollar?

    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 INR/USD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

     
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    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.

    Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

     
     
     

    Country Currency Guides

    United StatesUnited States (USD)IndiaIndia (INR)East TimorEast Timor (USD)
    EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
    US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
     

    Setting up a business in the US as a foreigner

    Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.

    Read more at our United States (USD) 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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