What Is the ARS to INR Rate Today?

Stripe gives the highest INR on ARS 7,700,000 today among the platforms with full published pricing for ARS. The table ranks those platforms by INR received, then lists other platforms that accept ARS, which are never ranked. Fees were checked on 30 Sept 2026.

Argentine businesses pay foreign suppliers by buying foreign currency in the MLC under BCRA rules. BCRA rules issued in April 2025 let imports of services be paid through the MLC from the time the service is rendered. Payments to India therefore usually arrive in US dollars by SWIFT, which your AD bank converts to INR.

A rate history is not shown for ARS because the European Central Bank does not publish a ARS reference rate, and this page does not mix sources in one chart. The Argentine peso floats within a moving band in the Free Foreign Exchange Market (MLC). The Central Bank of Argentina (BCRA) set up this band regime in April 2025, with floor and ceiling limits that widen over time. BCRA's June 2026 Monetary Policy Report describes the current regime as floating between bands.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹0.06119 for 4 Nov 2026.

Indian banks do not usually trade the Argentine peso against the rupee. Most Argentine payments reach India in US dollars, so your rupee amount depends on the USD/INR rate your AD bank pays. Any peso to dollar conversion happens in Argentina at the payer's bank, under its own spread.

Say a bank converts ARS 7,700,000 at a TT buying rate 1.5% below the mid-market rate of ₹0.06119. It credits about ₹4,64,129 instead of ₹4,71,197, a difference of ₹7,068 before any fees. The 1.5% is an illustration, not a quote from any bank.

Search engines show the mid-market rate, the midpoint between buying and selling prices. A card rate is a bank's own rate for card transactions, and a TT buying rate is the rate a bank pays when it buys foreign currency received by wire. Both sit below the mid-market rate.

The Argentine peso floats within a moving band in the Free Foreign Exchange Market (MLC). The Central Bank of Argentina (BCRA) set up this band regime in April 2025, with floor and ceiling limits that widen over time. BCRA's June 2026 Monetary Policy Report describes the current regime as floating between bands.

• Band limits: Under the BCRA band regime, the peso floats between a floor and a ceiling. BCRA buys dollars at the floor, sells at the ceiling, and may also buy dollars within the band to build reserves.
• Inflation: Argentina has a long history of high inflation. Monthly inflation data shape expectations for the peso and for future band adjustments.
• Reserves: BCRA's stock of foreign currency reserves affects confidence in the peso. Its June 2026 Monetary Policy Report records large BCRA purchases of dollars in the exchange market during 2026.
• Capital controls: Rules on who may buy dollars in the MLC, and when, affect demand for pesos. BCRA relaxed these rules for individuals and trade payments in April 2025.
• Farm exports: Argentina earns a large share of its dollars from grain and oilseed exports. Harvest size and crop prices change dollar supply in the MLC.

For ARS, timing choices apply mainly to the US dollars your client sends. ARS/INR forwards are generally not available in India, so exporters hedge the USD/INR leg if they hedge at all. Spot conversion on arrival is the common approach. EEFC accounts are typically held in dollars rather than pesos.

• Spot: A spot conversion uses the USD/INR rate your AD bank quotes on the day the dollars are converted. The peso rate matters only to your Argentine client.
• Forward: RBI's Master Direction on Risk Management and Inter-Bank Dealings lets AD banks offer forward contracts to hedge a contracted or anticipated exposure. The contract's amount and tenor cannot exceed those of the exposure. For Argentine clients who pay in US dollars, a USD/INR forward can cover the exposure.
• Limit order: Some AD banks accept a USD/INR target rate and convert when the market reaches it. Ask your bank whether it offers this for incoming payments.
• EEFC holding: You can credit up to 100% of export earnings to an EEFC account and convert later. RBI requires each month's accruals to be converted to rupees by the last day of the following month, after approved uses or forward commitments. For Argentine receipts, the account would normally be held in US dollars.

• Invoice currency: Invoicing Argentine clients in US dollars keeps the peso conversion in Argentina and leaves you one USD/INR conversion in India.
• Payment terms: Under BCRA rules, Argentine importers of services may pay through the MLC once the service is rendered. Clear delivery dates on your invoice help your client access the MLC on time.
• Mid-market check: Compare the USD/INR rate you receive with the mid-market rate on the same day. The difference is your bank's spread.
• Payer charges: Ask your client to confirm who pays SWIFT and correspondent charges. Fees deducted in transit reduce the amount reaching India.
• Bank quote: Ask your AD bank for its card rate and its negotiated rate. Larger amounts often qualify for a narrower spread.

Compare platforms side by side on the compare page, or check every currency on the currency convertor.

• Feed: ExchangeRate-API open access feed, published once a day. The page refreshes at most hourly.
• Markup: Markup is the gap between a platform's rate and the mid-market rate, taken from each platform's own published pricing. GST of 18% applies to fees where the platform says so.
• Stale data: If the feed fails, the page shows no rate and pauses the calculator rather than showing an old rate as current.
• Method: The full formula is on the methodology page.

Rates come from ExchangeRate-API open access feed, dated 4 Nov 2026. Platform pricing was checked on each platform's own pages on 30 Sept 2026 or later. Currency facts are linked to official sources below.

1. ExchangeRate-API open access feed (checked 4 Nov 2026)
2. BCRA: Beginning of stage 3 of the economic program with relaxation of currency restrictions and an exchange rate to float within a band (April 11, 2025), The exchange rate in the MLC may fluctuate within a moving currency band between ARS1,000/USD1 and ARS1,400/USD1, with the floor and ceiling expanding at a 1% monthly pace; foreign exchange restrictions applicable to natural persons have been lifted; imports of services may be paid through the MLC as from the time the service is rendered; IMF Extended Fund Facility of USD20,000 million. Within the band: the BCRA may consider purchasing dollars based on its NIR accumulation targets, and may consider selling dollars to mitigate unusual volatility. Imports of services between related companies may be paid through the MLC as of 90 days from the date of provision of the service. (checked 8 Oct 2026)
3. BCRA: Informe de Política Monetaria, junio de 2026, El régimen de flotación entre bandas; el tipo de cambio fluctúa entre bandas dentro de un rango que se amplía por diseño. Compras del BCRA de USD 13.337 millones en el mercado de cambios en 2026, superando lo previsto para todo el año; publicado a partir del lanzamiento de la Fase 4 del programa de estabilización. (checked 8 Oct 2026)
4. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated as on October 01, 2026), Para 2.3(ii): Authorised Dealers may offer deliverable foreign exchange derivative contracts involving INR to users for the purpose of hedging. Para 2.4(i)(b): the notional amount and tenor of the derivative contract does not exceed the value and tenor of the exposure. Para 2.4(i) proviso: users may take positions up to USD 100 million equivalent of notional value, across all Authorised Dealers, for hedging contracted exposure without the requirement to establish the existence of underlying exposure, but must ensure a valid underlying contracted exposure exists. Para 2.4(ii): users may freely cancel and rebook derivative contracts. (checked 8 Oct 2026)
5. RBI Master Direction - Deposits and Accounts (updated as on September 02, 2026), para 3.1 EEFC Account, Para 3.1: credits permitted include 100 percent of foreign exchange earnings by way of inward remittance; (4) the account will be in the form of a non-interest bearing account; (6) the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization of the balances for approved purposes or forward commitments. (checked 8 Oct 2026)