How to read USD to INR
USD to INR is the number of INR (Indian Rupee) that 1 USD (US Dollar) buys.
The European Central Bank publishes its reference rates against the euro, so USD to INR is a cross rate, derived from the two published figures for USD and INR. The rate for this pair is (INR per EUR) ÷ (USD per EUR).
Who converts USD to INR
India has for years been one of the largest recipients of remittances in the world, and much of that money starts as US dollars sent by family members, students and professionals working in the United States. The same pair matters to Indian importers who pay suppliers in dollars, to freelancers invoicing US clients and to travellers who plan a trip in either direction. If you are sending money to India, the rupee amount your recipient receives is what counts, and that depends on the rate your provider applies, not only on the headline rate.
Facts about this pair
- USD is ISO 4217 code 840 and INR is code 356; the three letter codes are what the converter and the ECB use to tell currencies apart.
- Both currencies are written with 2 decimal places in ISO 4217, so a result in INR is rounded to 2 decimal places.
- The reverse pair is the reciprocal: the INR to USD rate is 1 divided by the USD to INR rate, apart from rounding.
The US Dollar and the Indian Rupee
| Detail | US Dollar | Indian Rupee |
|---|---|---|
| ISO code | USD | INR |
| Symbol | $ | ₹ |
| Central bank | The Federal Reserve System | The Reserve Bank of India |
| Minor unit | cent, 1/100 of the main unit | paisa, 1/100 of the main unit |
| Used in | The United States and its territories, and it is official or widely used in some other economies such as Ecuador and El Salvador | India |
It is the most widely held reserve currency, and many commodities, including crude oil, are priced in it. The rupee sign was officially adopted in 2010.
Getting a fair rate on USD to INR
Indian banks and transfer services often show a rate and a separate fee. Compare the final rupee amount that would arrive, then compare the rate they use with the mid-market rate on this page. Rules on sending money out of India, such as the Liberalised Remittance Scheme and tax collected at source, can add cost, so check the current rules with your bank before a large transfer.
For a regular transfer to India, decide the rupee amount your family needs first, then work backwards to the dollars to send. Because the rate moves a little from one working day to the next, many senders leave a small buffer rather than aiming for the exact figure. If a transfer is not urgent, checking this page over a few days shows whether the rate is drifting in your favour, though no one can predict the next move.
Quotes for the Indian rupee use the code INR, and the rupee sign ₹ is often typed as Rs in everyday writing. Whichever form you see, check that the quote is per 1 US dollar and not per 100 or per 1,000 units.
Where the rate comes from
The rate loads in your browser from Frankfurter, which republishes European Central Bank reference rates. They are published on working days for information only, and a bank is not obliged to deal at them. If the service cannot be reached the page shows no number, except a rate saved in your browser within six hours, marked as cached. How the rates work is explained on the currency pairs page. Nothing here is financial advice.
FAQ
What does USD to INR mean?
It is the price of one US dollar written in Indian rupees. A quote of USD to INR tells you how many rupees you get for 1 US dollar, so a higher figure means each dollar buys more rupees.
Is the USD to INR rate on this page the rate my bank will give me?
Usually not. This page shows the European Central Bank reference rate, a mid-market figure. Banks and transfer services normally add a margin or a fee, so the rupees you receive are typically somewhat lower.
Why does the USD to INR rate not change at weekends?
The ECB publishes reference rates on working days only, around 16:00 Central European Time. The latest date shown applies until the next publication, so weekends and holidays reuse the last published rate.
How do I convert rupees back to dollars?
Press the swap button above, or open the INR to USD view by changing the selectors. The tool then shows how many US dollars a given amount of rupees is worth at the same reference rate.
More currency pairs
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