The best USD to INR rate is 83.22, and is the current mid-market exchange rate. We help you compare US dollar to Indian rupee rates and costs to this live market rate.
In this Dollar to rupee (USD/INR) rate guide:
USD to INR 
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Indian rupee (INR) 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 Dollar to rupee currency rates and the possible savings of using various providers.
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US dollar (USD) to Indian rupee (INR) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | USD/INR | Change | Period |
|---|---|---|---|
16 Nov 2023 | 83.12 | 0.3% ▲ | 2 Week |
01 Sep 2023 | 82.72 | 0.8% ▲ | 3 Month |
30 Nov 2022 | 81.31 | 2.5% ▲ | 1 Year |
01 Dec 2018 | 69.65 | 19.7% ▲ | 5 Year |
02 Dec 2013 | 62.31 | 33.8% ▲ | 10 Year |
05 Dec 2003 | 45.62 | 82.7% ▲ | 20 Year |
Based on the recent currency market updates and exchange rate analyst forecasts, the USD to INR exchange rate has shown the dollar's robustness in face of global economic headwinds. FX analysts predict that the dollar's strength, buoyed by a solid U.S. economy and high Treasury yields, will likely maintain its dominance against the Indian rupee towards the end of the year. However, despite its resilience and occasional upticks, market views suggest a moderate weakening of the dollar against major currencies into the next year, as the Federal Reserve is expected to shift gears and potentially cut interest rates. This anticipated change in U.S. monetary policy aligns with wider economic forecasts that point to a slowdown in global growth and rising geopolitical and economic uncertainties, which could eventually lead to a reversal of the U.S. dollar's strength.
Read our full USD to INR forecasts analysis
There are several ways to save on exchange rates when converting US dollar to Indian rupee:
Generally speaking, if you are buying Indian rupee with US dollar, then it's better for the USD/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.
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 USD/INR 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 India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.
| United States (USD) | India (INR) |
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.
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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