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:
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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Indian rupee (INR) to US dollar (USD) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | INR/USD | Period |
|---|---|---|
19 Nov 2023 | 0.0120 | 2 Week |
04 Sep 2023 | 0.0121 | 3 Month |
03 Dec 2022 | 0.0123 | 1 Year |
04 Dec 2018 | 0.0142 | 5 Year |
05 Dec 2013 | 0.0162 | 10 Year |
08 Dec 2003 | 0.0220 | 20 Year |
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
There are several ways to save on exchange rates when converting Indian rupee to US dollar:
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.
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.
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.
| United States (USD) | India (INR) |  East Timor (USD) |
 Ecuador (USD) |  El Salvador (USD) |  British Virgin Islands (USD) |
 US Virgin Islands (USD) |  Caribbean Netherlands (USD) |  Turks and Caicos Islands (USD) |
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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