What Is the EUR to INR Rate Today?

Skydo gives the highest INR on EUR 5,000 today among the platforms with full published pricing for EUR. The table ranks those platforms by INR received, then lists other platforms that accept EUR, which are never ranked. Fees were checked on 30 Sept 2026.

Indian exporters are usually paid in euros by SWIFT wire to their AD bank, or through a collection service that gives euro account details for SEPA transfers. Euro area countries are not ACU members, so RBI's Manner of Receipt and Payment Regulations allow receipt in any foreign currency through an authorised bank.

A rate history is not shown for EUR because the European Central Bank does not publish a EUR reference rate, and this page does not mix sources in one chart. The euro has no fixed value against the rupee or the US dollar and is priced in currency markets. The ECB's Governing Council sets the key interest rates for the euro area. The ECB aims for 2% inflation over the medium term and publishes daily euro reference rates.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹106.55 for 4 Nov 2026.

Banks buy euros at a TT buying rate set below the mid-market rate, and that gap is the bank's margin. If a bank prices EUR to INR through the US dollar, a second spread can apply. Intermediary banks on a SWIFT wire may also deduct charges. Ask your AD bank how it prices euros.

Say a bank converts EUR 5,000 at a TT buying rate 1.5% below the mid-market rate of ₹106.55. It credits about ₹5,24,765 instead of ₹5,32,756, a difference of ₹7,991 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 euro has no fixed value against the rupee or the US dollar and is priced in currency markets. The ECB's Governing Council sets the key interest rates for the euro area. The ECB aims for 2% inflation over the medium term and publishes daily euro reference rates.

• ECB policy: The ECB's Governing Council sets three key rates and steers its policy stance through the deposit facility rate. Changes to that rate can move the euro.
• Inflation: The ECB targets 2% inflation over the medium term, measured by the HICP. Inflation data that changes rate expectations can move EUR to INR.
• Dollar moves: Cross rates link the pairs, so a move in EUR to USD can change EUR to INR even when USD to INR is steady.
• RBI action: RBI manages FEMA with the stated aim to promote orderly development and maintenance of the foreign exchange market in India, which affects the rupee side of the pair.
• News: Euro area economic data and political events can move the euro within hours.

Exporters can convert euros at spot, lock a rate with a forward contract, set a target rate with their bank, or hold euros in an EEFC account. Many AD banks offer EUR to INR forwards, though tenors and pricing vary by bank. EEFC balances must still be converted by the end of the following month.

• Spot: Your AD bank converts the EUR on the day it is credited, at that day's TT buying rate. This suits invoices you need in rupees straight away.
• 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.
• Limit order: Some banks accept an instruction to convert when EUR to INR reaches a target rate. Ask your AD bank whether it offers this and what it charges.
• 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.

• Compare quotes: Check your AD bank's EUR TT buying rate against the mid-market rate on the same day and work out the gap as a percentage.
• Direct pricing: Ask whether your bank quotes EUR to INR directly or converts through USD, since a cross rate can carry two spreads.
• Ask for charges: Ask whether intermediary banks deduct charges on SWIFT wires and whether the sender can choose to pay them.
• Negotiate margin: If you receive euros regularly, ask your relationship manager for a better margin on EUR conversions.
• Get the advice: Keep the bank advice or e-FIRC for each credit, which records the rate applied so you can check it later.

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

• Feed: XE live mid-market rates, published live; this site refreshes it every 15 minutes. 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 XE live mid-market rates, 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. XE live mid-market rates (checked 4 Nov 2026)
2. ECB: Key ECB interest rates, The Governing Council of the ECB sets the key interest rates for the euro area: deposit facility, main refinancing operations and marginal lending facility. The Governing Council decided in March 2024 to continue to steer the monetary policy stance through the deposit facility rate. (checked 8 Oct 2026)
3. ECB: Monetary policy strategy, Price stability is best maintained by aiming for 2% inflation over the medium term. Inflation is measured by the HICP. (checked 8 Oct 2026)
4. ECB: Euro foreign exchange reference rates, Reference rates are usually updated at around 16:00 CET every working day, based on a daily concertation procedure between central banks around 14:10 CET, and published for information purposes only. (checked 8 Oct 2026)
5. ECB: What is the euro, Euro banknotes and coins are legal tender in 21 of the 27 Member States of the European Union. These countries form the euro area. (checked 8 Oct 2026)
6. RBI: Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 (amended up to February 12, 2025), Regulation 3(2)(I)(a)(iii): for trade with countries other than ACU members, receipt may be made in Indian Rupees or in any foreign currency, through an Authorised Bank or Authorised Person. (checked 8 Oct 2026)
7. RBI: About Us, functions of the Reserve Bank, Manager of Foreign Exchange: manages FEMA, 1999 with the objective to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. (checked 8 Oct 2026)
8. RBI Master Direction - Deposits and Accounts (updated September 02, 2026), Para 3.1: EEFC credits include 100 percent of foreign exchange earnings; 3.1(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; 3.1(4): non-interest bearing account. (checked 8 Oct 2026)
9. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated October 01, 2026), Para 2.2(ii): AD banks may offer foreign exchange forwards to retail users; 2.3(ii): deliverable derivatives involving INR are for hedging; 'Hedging' covers an anticipated or a contracted exposure; 2.4(i): notional amount and tenor of the derivative contract does not exceed the value and tenor of the exposure; 2.4(ii): users may freely cancel and rebook; net gains on hedges of anticipated exposures are passed on only at the time of the cash flow. Definition (f): a forward settles on a specified date more than two business days later at a rate agreed on the date of the contract. (checked 8 Oct 2026)