What Is the IDR to INR Rate Today?

Stripe gives the highest INR on IDR 91,000,000 today among the platforms with full published pricing for IDR. The table ranks those platforms by INR received, then lists other platforms that accept IDR, which are never ranked. Fees were checked on 30 Sept 2026.

Indonesian clients can pay Indian exporters by SWIFT transfer, often in US dollars. In March 2024 RBI and Bank Indonesia signed an MoU to promote INR and IDR for bilateral transactions. Indonesia is outside the Asian Clearing Union, so RBI rules allow receipt in any foreign currency. Ask your AD bank whether it credits IDR.

Over the last year the IDR to INR reference rate ranged from ₹0.005224 to ₹0.005583. The chart uses European Central Bank reference rates, one point per ECB working day.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹0.005224 for 3 Nov 2026.

IDR/INR is thinly traded, so banks may price it through the US dollar, combining two margins. Bank Indonesia publishes an INR/IDR reference rate to help set rates for non-USD derivative settlement. RBI's risk management directions list no IDR-INR exchange-traded contracts, which limits hedging and price comparison.

Say a bank converts IDR 91,000,000 at a TT buying rate 1.5% below the mid-market rate of ₹0.005224. It credits about ₹4,68,271 instead of ₹4,75,402, a difference of ₹7,131 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 Indonesian rupiah trades in the market, while Bank Indonesia is mandated to keep it stable. Under its Flexible Inflation Targeting Framework, Bank Indonesia combines its policy rate with exchange rate and capital flow policies. It publishes the JISDOR USD/IDR reference rate daily from actual interbank spot trades.

• Interest rates: Bank Indonesia's policy rate is the BI-Rate, renamed from the BI 7-Day Reverse Repo Rate on 21 December 2023. Changes relative to RBI's repo rate shift the rate gap behind IDR/INR.
• Central bank action: Bank Indonesia's policy mix includes exchange rate and capital flow instruments. It can act in the market when the rupiah moves sharply.
• Capital flows: Foreign investment in Indonesian bonds and shares brings dollars in and out. Sudden outflows weaken the rupiah faster than trade flows alone.
• Trade balance: Indonesia's export earnings bring dollars into the country. Changes in global prices and demand for its exports shift those inflows and the rupiah's value.
• USD/INR: Because IDR/INR is often built from USD/IDR and USD/INR, a move in the rupee against the dollar can feed straight into IDR/INR.

Indian exporters receiving IDR can convert at spot, request a bank forward, set a target-rate order or hold rupiah in an EEFC account if their bank offers one. Spot is the common choice because few AD banks may quote IDR/INR forwards. Invoicing in USD and hedging USD/INR is an alternative where an IDR forward is unavailable.

• Spot: Your AD bank converts the rupiah at its current rate when the payment is credited. Most IDR receipts are handled this way.
• Forward: RBI's Master Direction on Risk Management and Inter-Bank Dealings lets AD banks offer forwards involving INR to retail users for hedging. Users can hedge contracted exposure up to USD 100 million equivalent across all AD banks without establishing the underlying, though a valid unhedged exposure must exist, and may freely cancel and rebook. IDR/INR forwards may not be quoted by every AD bank; check with your AD bank, or invoice in USD and hedge USD/INR.
• Limit order: Some AD banks accept an order to convert at a target rate. Check with your AD bank whether it covers IDR.
• EEFC holding: RBI's Master Direction on Deposits and Accounts lets you credit 100% of foreign exchange earnings to an EEFC account. The account pays no interest. Each month's accruals must be converted to rupees by the end of the next month, after adjusting for approved uses or forward commitments. Check with your AD bank whether it offers rupiah EEFC accounts.

• Invoice currency: Indonesian payers can often send US dollars. A USD invoice avoids an IDR/INR cross conversion on your side.
• Compare mid-market: Check your AD bank's IDR/INR rate against the live mid-market rate on this page at conversion. The gap is the bank's margin.
• Ask about INR: Ask your AD bank whether it settles trade with Indonesia in INR under RBI's INR trade settlement framework. If it does, your client can pay in rupees and you avoid a conversion on your side.
• Reference rate: Bank Indonesia's daily INR/IDR reference rate gives an official benchmark to compare with your bank's quote.

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

• Feed: European Central Bank reference rates (via frankfurter.dev), published once per ECB working day, around 16:00 CET. 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 European Central Bank reference rates (via frankfurter.dev), dated 3 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. European Central Bank reference rates (via frankfurter.dev) (checked 3 Nov 2026)
2. RBI Master Direction - Deposits and Accounts (updated September 02, 2026), para 3.1 EEFC Account, Para 3.1: 100 percent of foreign exchange earnings may be credited; non-interest bearing account; the sum total of accruals during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilization for approved purposes or forward commitments. (checked 8 Oct 2026)
3. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated October 01, 2026), Para 2.2(ii): forwards may be offered to retail users; para 2.3(ii): deliverable derivatives involving INR for hedging; para 2.4(i): users may hedge contracted exposure up to USD 100 million equivalent across all ADs without establishing the underlying, but a valid unhedged exposure must exist; users may freely cancel and rebook. Section 3.2: exchange traded pairs are USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD and USD-JPY. (checked 8 Oct 2026)
4. RBI A.P. (DIR Series) Circular No.10 dated July 11, 2022: International Trade Settlement in Indian Rupees (INR), Additional arrangement for invoicing, payment and settlement of exports/imports in INR, with settlement through Special Rupee Vostro Accounts of correspondent banks of the partner country. (checked 8 Oct 2026)
5. Bank Indonesia: BI-Rate, Commencing 21 December 2023, Bank Indonesia changed the name of its policy rate to the BI-Rate, replacing the BI 7-Day Reverse Repo Rate (BI7DRR). (checked 8 Oct 2026)
6. Bank Indonesia: JISDOR and Non-USD/IDR Reference Rate, JISDOR is the volume-weighted average of interbank USD/IDR spot transactions, data window 09:00-15:00 WIB, published 15:15 WIB; non-USD/IDR reference rates (including INR/IDR) are published daily at 15:30 WIB to help market participants set rates for non-USD derivative transaction settlements. (checked 8 Oct 2026)
7. Bank Indonesia: Monetary Policy Objectives and Flexible ITF, Rupiah stability includes exchange rate stability; Flexible ITF uses a policy mix of monetary, macroprudential, exchange rate and capital flow instruments. (checked 8 Oct 2026)
8. RBI Press Release (March 07, 2024): RBI and Bank Indonesia sign MoU to promote use of local currencies, Framework to promote use of INR and IDR for cross-border transactions; enables exporters and importers to invoice and pay in their domestic currencies. (checked 8 Oct 2026)
9. RBI: Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 (amended up to February 12, 2025), Reg 3(2)(I)(a)(iii): receipt/payment for exports to countries other than member countries of ACU may be made in Indian Rupees or in any foreign currency. (checked 8 Oct 2026)
10. RBI A.P. (DIR Series) Circular No. 84 (2012), FETERS purpose codes for receipts, Annexure II lists receipt purpose codes for reporting forex transactions, e.g. P0802 Software consultancy/implementation. (checked 8 Oct 2026)