Indian Rupee (INR) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Indian Rupee.
Mid-market rate - no bank markup 200+ currencies Free
What is the Indian Rupee?
India is the world's most populous country and a major destination for IT outsourcing. INR is influenced by oil import costs, since India imports roughly 85% of its crude oil.
Symbol: ₹ ISO code: INR Central bank: Reserve Bank of India (RBI)
BIS ranking: 13th most traded (the 13th most bought and sold currency worldwide) Used in: India
This page is a hub for all INR exchange rates on our site. Use the converter above to check the current mid-market rate for Indian Rupee against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How Indian Rupee is commonly exchanged
India's large population and growing economy make INR one of the most converted currencies. USD/INR is the primary pair. The Indian diaspora generates significant remittance flows, making corridors like USD/INR and GBP/INR among the busiest in the world. INR is also sensitive to oil prices, since India imports roughly 85% of its crude.
Most INR conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Indian Rupee
Travel and card conversions
If you are spending in Indian Rupee, a card with no foreign transaction fee is typically the best option. Always choose to be charged in INR (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Bank spreads
As a less liquid currency, INR spreads at banks and exchanges tend to be wider than for major currencies - sometimes 4-6% at banks and up to 15% at airport counters. Online transfer services usually offer much tighter spreads for INR.
Remittances
The INR remittance corridor is one of the busiest globally. Dedicated remittance services often offer better rates for recurring transfers than banks. Compare not just the exchange rate, but also the delivery speed and the final amount received in INR after all fees are deducted.
The Reserve Bank of India (RBI) and the Indian Rupee
The Reserve Bank of India (RBI) targets 4% CPI inflation (+/- 2%) and meets six times per year through the Monetary Policy Committee.
Policy tool: The repo rate. The RBI also intervenes in FX markets to smooth excessive INR volatility.
Key data releases: Indian CPI, GDP, trade balance, and oil prices (India imports ~85% of crude). RBI FX reserve data is also closely watched.
Did you know?
- India's Reserve Bank issues all banknotes in 15 of the 22 official languages listed in the Indian Constitution, making Indian currency notes among the most multilingual in the world.
Frequently asked questions
What is the INR exchange rate today?
The live mid-market rate is shown in the converter above. It updates every 60 seconds during market hours (Sunday 5pm ET through Friday 5pm ET). Scroll down to see INR rates against all supported currencies.
What is the mid-market rate for Indian Rupee?
The mid-market rate is the midpoint between wholesale buy and sell prices - the fairest benchmark before any provider adds markup. It is the rate shown on this page. Your bank or service will offer a different rate that includes their margin.
How is INR performing this month?
Use the converter above and click through to any pair page to see the 30-day range bar, which shows where today's rate sits relative to the recent trend. The rate statistics panel shows 30-day low, high, average, and volatility.
Where can I find historical INR rates?
Click on any pair page below and scroll to the history chart. You can view 7-day, 30-day, or 1-year history with daily rates. Use the date picker to look up a specific historical date.
What affects the value of Indian Rupee?
Central bank interest rate decisions from the Reserve Bank of India (RBI) are typically the largest driver. Inflation data, economic growth figures, trade balances, and political stability also matter. On a day-to-day basis, scheduled economic data releases and central bank communication can cause noticeable moves.
Why do different sites show different INR rates?
Different providers use different data sources, update at different times, and may show rates that already include their markup. The mid-market rate (shown here) is the most neutral benchmark. If a site shows a rate that is noticeably worse, that difference is likely their margin built into the number.
How is the INR exchange rate set?
Most exchange rates are determined by supply and demand in the global forex market, where banks, funds, and corporations trade currencies 24 hours a day on weekdays. Interest rate differentials between central banks are the biggest long-term driver. No single entity "sets" the rate - it emerges from millions of transactions.
Learn more
- RBI Reference Rates - Official Reserve Bank of India daily reference rates
- World Bank - Migration and Remittances - Data on global remittance flows including India
INR rate statistics
Indian Rupee rate context
We compare the current Indian Rupee exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All INR Currency Pairs
Live exchange rate pages for Indian Rupee against every supported currency.