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    Best INR to USD Exchange Rates

    The best INR to USD exchange rate is 0.011992. We compare conversion costs to this mid-market rate and other FX providers, find better deals.

    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 =
    0.011992We compare provider deals to this wholesale mid-market rate. Read more
    INR to USD at 0.011993 is just below its 3-month average, having traded in a stable 1.0% range from 0.011986 to 0.012104
    Sell INR   →   Buy USD
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    90-DAY LOW
    19 Nov 2023
    2 Week
    04 Sep 2023
    3 Month
    03 Dec 2022
    1 Year
    04 Dec 2018
    5 Year
    05 Dec 2013
    10 Year
    08 Dec 2003
    20 Year
    INR/USD historic rates

    Forecasts for INR to USD

    90-DAY LOW

    Based on recent analyst forecasts and currency market updates, the INR to USD exchange rate is expected to experience fluctuations predominantly within the 82-84 range, maintaining a bullish trend on the rupee against the dollar. The steadiness of the Reserve Bank of India's policy, with no expected easing until 2024, plays a critical role in shaping this forecast. However, factors such as high US Treasury yields, a weak yuan, and predominantly high crude oil prices exert pressure on the Indian currency. India's position as a significant oil importer means that any upward shift in oil prices, particularly in the wake of the unexpected OPEC+ production cuts, could fuel inflation and exert further downward pressure on the rupee. FX analysts suggest that while these challenges persist in the near term, there may be some respite for the INR later as these factors are forecast to moderate.

    Read our full INR to USD forecasts analysis

    USD to INR flags

    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

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    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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