What Is the EGP to INR Rate Today?

Stripe gives the highest INR on EGP 280,000 today among the platforms with full published pricing for EGP. The table ranks those platforms by INR received, then lists other platforms that accept EGP, which are never ranked. Fees were checked on 30 Sept 2026.

Payments from Egypt usually reach Indian exporters by SWIFT, in US dollars, euros or another agreed currency. FEMA allows receipts from non-ACU countries such as Egypt in rupees or any foreign currency under Regulation 3(2)(I)(a)(iii). Your AD bank may not handle Egyptian pound credits, so check with it before invoicing in EGP.

A rate history is not shown for EGP because the European Central Bank does not publish a EGP reference rate, and this page does not mix sources in one chart. In its 6 March 2024 statement, the Central Bank of Egypt said it would target inflation as its nominal anchor and allow the exchange rate to be determined by market forces. It said unifying the exchange rate would close the spread between the official and parallel markets. The CBE publishes a daily weighted average rate.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹1.713 for 4 Nov 2026.

Direct EGP-INR trading is very thin, so a bank converting pounds usually goes through the US dollar. That means one spread on EGP-USD and a second on USD-INR. The pound has also seen sharp moves, as in March 2024, and banks may widen margins when the rate is volatile. SWIFT intermediary charges can reduce the amount further.

Say a bank converts EGP 280,000 at a TT buying rate 1.5% below the mid-market rate of ₹1.713. It credits about ₹4,72,368 instead of ₹4,79,561, a difference of ₹7,193 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.

In its 6 March 2024 statement, the Central Bank of Egypt said it would target inflation as its nominal anchor and allow the exchange rate to be determined by market forces. It said unifying the exchange rate would close the spread between the official and parallel markets. The CBE publishes a daily weighted average rate.

• Interest rates: The Central Bank of Egypt Monetary Policy Committee sets the overnight deposit rate, the overnight lending rate and the rate of the main operation. Large changes, such as the 600 basis point rise in its 6 March 2024 decision, can shift demand for pound assets.
• FX liquidity: The CBE said foreign exchange shortages had created a parallel market before March 2024. Dollar availability inside Egypt can therefore affect the pound.
• Commodity prices: The CBE names expected volatility in international commodity markets as an upside risk to inflation. Higher import costs can also raise demand for foreign currency.
• Geopolitics: The CBE lists regional geopolitical tensions as an upside risk to inflation. Such tensions can also affect the pound through capital flows.
• RBI action: On the rupee side, the USD-INR rate and RBI intervention move the EGP-INR cross even when the pound is steady against the dollar.

For EGP to INR, spot conversion is the main option, since pound forwards against the rupee are hard to find in India. Spot converts on the day of credit. A limit order waits for a target rate. An EEFC account can hold receipts briefly. Invoicing in USD and hedging USD-INR is the more common route.

• Spot: Converts the receipt at the bank's rate on the day it is credited. A USD or EUR receipt is converted at the bank's rate for that currency.
• 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. Exchange-traded rupee pairs under paragraph 3.2 do not include EGP, so ask your AD bank whether it quotes a EGP-INR forward at all.
• Limit order: Some banks and providers let you set a target rate and convert automatically. Check whether the facility covers EGP, since many cover only major currencies.
• 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. Check whether your AD bank holds balances in Egyptian pounds.

• Invoice currency: Agree the invoice currency with the Egyptian buyer in advance. A USD or EUR invoice moves the pound conversion to the buyer's side.
• Check the anchor: Compare the rate offered with the CBE published market rate and the USD-INR mid-market rate on the same day to see the full spread.
• Volatile days: Avoid converting large sums right after a central bank announcement, when spreads are often wider.
• Charges: Ask the buyer to pay SWIFT charges under the OUR option, so intermediary fees are not deducted from your amount.
• Ask your bank: Ask your AD bank in writing whether it accepts EGP credits and which margin applies on each leg of the conversion.

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. Central Bank of Egypt: Special MPC Press Release, 6 March 2024, CBE will continue to target inflation as its nominal anchor, allowing the exchange rate to be determined by market forces; unification of the exchange rate; overnight deposit rate, overnight lending rate and rate of the main operation raised (checked 8 Oct 2026)
3. Central Bank of Egypt: Monetary Policy Framework, Key policy rates are decided by the MPC; corridor of overnight deposit and lending rates plus the rate of the main operation (checked 8 Oct 2026)
4. Central Bank of Egypt: Foreign Exchange (market exchange rate), CBE publishes a daily weighted average market exchange rate (checked 8 Oct 2026)
5. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 (FEMA 14(R)/2023-RB, as amended), Regulation 3(2)(I)(a)(ii): trade with ACU members other than Nepal and Bhutan through the ACU mechanism or as RBI directs; 3(2)(I)(a)(iii): other countries in Indian rupees or any foreign currency (checked 8 Oct 2026)
6. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated as on 1 October 2026), Para 2.3(ii): deliverable INR derivatives for hedging only; para 2.4(i): notional and tenor within the exposure, USD 100 million contracted exposure without establishing it; para 2.4(ii): free cancel and rebook; para 3.2(ii): exchange-traded pairs USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD, USD-JPY (checked 8 Oct 2026)
7. RBI Master Direction - Deposits and Accounts (updated as on 2 September 2026), Para 3.1(1): 100 percent of foreign exchange earnings may be credited to EEFC; para 3.1(4): non-interest bearing; para 3.1(6): a calendar month's accruals converted to rupees by the last day of the succeeding month after approved uses or forward commitments (checked 8 Oct 2026)