What Is the SAR to INR Rate Today?

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

Indian exporters usually receive SAR by SWIFT transfer to an Indian AD bank, and a Saudi client can also pay in US dollars. Ask your AD bank whether it credits SAR or converts on arrival. Under an RBI circular of April 2026 effective October 2026, banks should aim to credit payments received during forex market hours the same business day.

A rate history is not shown for SAR because the European Central Bank does not publish a SAR reference rate, and this page does not mix sources in one chart. The Saudi riyal is fixed at SAR 3.75 per US dollar. The Saudi Central Bank (SAMA) has kept this rate since 1986 and calls the fixed exchange rate policy a cornerstone of monetary and financial stability. SAMA links the policy's strength to its foreign exchange reserves and their ability to meet external obligations.

Each row applies the platform's published fee, FX markup and 18% GST on the fee to the mid-market rate of ₹25.24 for 4 Nov 2026.

Because the riyal's US dollar rate is fixed at 3.75, SAR/INR moves almost entirely with USD/INR. The gap between the mid-market rate and your rupee credit is mainly the bank's margin plus any transfer fees. If the bank converts SAR to US dollars and then to rupees, two conversions can apply, so ask how it prices SAR/INR.

Say a bank converts SAR 5,000 at a TT buying rate 1.5% below the mid-market rate of ₹25.24. It credits about ₹1,24,286 instead of ₹1,26,179, a difference of ₹1,893 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 Saudi riyal is fixed at SAR 3.75 per US dollar. The Saudi Central Bank (SAMA) has kept this rate since 1986 and calls the fixed exchange rate policy a cornerstone of monetary and financial stability. SAMA links the policy's strength to its foreign exchange reserves and their ability to meet external obligations.

• Interest rates: SAMA's monetary policy tools include the repo and reverse repo rates, and its Monetary Policy Committee sets the policy rate, according to its annual report. In India, the Monetary Policy Committee sets the RBI policy repo rate.
• RBI action: The RBI says it aims for orderly adjustment of the rupee and curbs excessive volatility (Governor's statement, October 7, 2026). Because the riyal is fixed to the US dollar, RBI action on USD/INR passes straight through to SAR/INR.
• Oil prices: The RBI Governor said on October 7, 2026 that elevated energy prices pose upside risks to India's current account deficit. A wider deficit can weigh on the rupee against the US dollar, and so against the riyal.
• Risk sentiment: The same RBI statement said renewed conflict in West Asia in September 2026 raised financial market volatility. Any resulting move in USD/INR shows up in SAR/INR.
• Reserve backing: SAMA's annual report ties the credibility of the 3.75 rate to the strength of Saudi foreign exchange reserves. Large changes in reserves are worth watching for that reason.

For SAR, converting at spot through your AD bank is the default. RBI rules allow forwards involving INR for hedging, but India's exchange-traded currency futures do not cover SAR, so a hedge would usually be a forward agreed with your bank. An EEFC account can hold SAR for a short time, subject to RBI's monthly conversion rule.

• Spot: Your AD bank converts the SAR 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. India's exchange-traded currency futures do not cover SAR, so ask your AD bank whether it quotes SAR/INR forwards.
• Limit order: Some banks accept an instruction to convert when SAR to INR reaches a target rate. Ask your AD bank whether it offers this and what it charges. With a fixed peg, your target is in effect a USD/INR level.
• 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 bank offers EEFC in SAR.

• Check mid-market: Compare the SAR/INR rate your bank quotes with the live mid-market rate on this page before you accept a conversion.
• Ask about routing: Ask whether your AD bank converts SAR directly to INR or through US dollars, since each conversion can carry a margin.
• Invoice currency: Agree the invoice currency with your client upfront. Because SAR is fixed to the US dollar, invoicing in either currency carries similar rupee risk.
• Fewer transfers: Fixed fees per transfer weigh more on small payments, so fewer and larger transfers can lower your total cost.
• Timing of arrival: From October 2026, banks should aim to credit payments that reach them during forex market hours the same business day, under the RBI circular.

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. Saudi Central Bank (SAMA), Sixtieth Annual Report (English PDF), p.120: SAMA has maintained the exchange rate of the Saudi riyal against the U.S. dollar fixed at SAR 3.75 per one U.S. dollar since 1986, and its monetary policy tools include the repo and reverse repo rates; p.70: the fixed exchange rate policy has been a cornerstone of monetary and financial stability in light of the strength of foreign exchange reserves and their ability to meet all external obligations; SAMA's Monetary Policy Committee raised the policy rate during 2023. (checked 8 Oct 2026)
3. RBI Master Direction - Risk Management and Inter-Bank Dealings (updated as on October 01, 2026), Part A, Section I, paras 2.2 to 2.4: AD banks may offer cash, tom and spot contracts for permissible transactions and deliverable foreign exchange derivative contracts involving INR for hedging; up to USD 100 million notional of contracted exposure may be hedged without establishing the underlying exposure; net gains on hedges of anticipated exposure are passed on only at the time of the cash flow. Annex: a forward settles more than two business days later. Exchange traded permitted pairs: USD-INR, EUR-INR, GBP-INR, JPY-INR, EUR-USD, GBP-USD, USD-JPY. (checked 8 Oct 2026)
4. RBI Master Direction - Deposits and Accounts (updated as on September 02, 2026), Part on Foreign Currency Accounts, para 3.1 EEFC Account: 100 percent of foreign exchange earnings may be credited; non-interest bearing; accruals in a calendar month to be converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilisation for approved purposes or forward commitments. (checked 8 Oct 2026)
5. RBI circular RBI/2026-27/08, Guidelines to facilitate faster cross-border inward payments, April 09, 2026, Para 3: banks shall endeavour to credit inward payments received during foreign exchange market hours within the same business day, and those received after market hours on the next business day; para 4: para 3 is effective six months from the date of the circular (April 09, 2026), that is, from October 2026. (checked 8 Oct 2026)
6. RBI Governor's Statement, October 7, 2026, 'We remain committed to ensuring orderly adjustments to the exchange rate that are in sync with the underlying macroeconomic fundamentals and curbing excessive volatility.' Elevated energy prices pose upside risks to India's current account deficit; re-escalation of the West Asia conflict in September heightened financial market volatility. (checked 8 Oct 2026)
7. RBI Monetary Policy Statement 2026-27, Resolution of the Monetary Policy Committee, October 5 to 7, 2026, The MPC sets the policy repo rate under the liquidity adjustment facility (LAF). (checked 8 Oct 2026)