State Bank of India INR to USD Exchange Rates & Currency Deals
INR-USD Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your State Bank of India currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
INR to USD Market Data
Indian rupee (INR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
INR to USD is at 30-day lows near 0.011020, 1.5% below its 3-month average of 0.011186, having traded in a very stable 3.6% range from 0.010999 to 0.011398
Bias: The market for INR/JPY is bullish-to-range-bound, as it is currently above the 90-day average and positioned in the upper half of its 3-month range.
Bias: Bullish-to-range-bound, with USD above 90-day avg. and in upper half of 3-month range.
Key drivers:
- Rate gap: Fed hints at cuts while RBI tightens for inflation.
- Risk/commodities: Volatile oil prices affecting INR strength.
- Trade deficit: India's high deficit pressures the rupee.
Range: USD/INR likely to drift within recent 3-month range, testing upper extremes.
What could change it:
- Upside risk: Strong U.S. labor market data could boost USD.
- Downside risk: Geopolitical tensions may reduce capital flows to India, weakening INR.
Tweet: USD/INR remains bullish-to-range-bound, supported by Fed's rate outlook vs. RBI's tightening. Expect movement within recent range as trade deficit pressures INR amid oil price volatility. Watch for U.S. labor data for potential USD strength
@bestfxrates
INR to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Indian rupee are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different INR amounts at today’s rate * :
What is the
State Bank of India Send Money conversion rate for INR to USD?
The State Bank of India INR to USD exchange rate is 0.0105. This is -4.6% compared to the latest INR-USD mid-market rate 0.011005.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Indian rupee (INR) to US dollar (USD) rates from different sources before making a conversion.
The above
State Bank of India - Rupee to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
State Bank of India and other foreign exchange providers against the latest INR-USD mid-rate and the possible savings of using various providers.
How do State Bank of India INR-USD rates compare between providers?
Looking at the full
INR to USD - Send Money comparison table the provider with the best INR to USD exchange rate is Wise at 0.0109, -0.95% from the latest mid-market rate 0.011005.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like State Bank of India often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.