What Is the SGD to INR Rate Today?

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

Indian exporters usually receive SGD by SWIFT transfer to an Indian AD bank, and a Singapore client can also pay in US dollars. Ask your AD bank whether it credits SGD 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.

Over the last year the SGD to INR reference rate ranged from ₹67.83 to ₹75.63. 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 ₹73.98 for 4 Nov 2026.

SGD/INR is a less traded pair than USD/INR, so a bank may price it as a cross through US dollars, and two spreads can apply. The SGD also floats within the MAS policy band, so the rate can move between the quote and the credit. Ask your AD bank how it prices SGD/INR and compare with the mid-market rate.

Say a bank converts SGD 5,000 at a TT buying rate 1.5% below the mid-market rate of ₹73.98. It credits about ₹3,64,327 instead of ₹3,69,876, a difference of ₹5,548 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 Singapore dollar is managed against a trade-weighted basket of currencies, called the S$NEER. The Monetary Authority of Singapore keeps the S$NEER within a policy band, mainly by buying or selling US dollars against Singapore dollars in the spot market. The SGD can move within that band.

• MAS policy band: In its July 2026 statement, MAS increased the S$NEER band's rate of appreciation very slightly, after a slight increase in April 2026. It left the band's width and centre unchanged both times.
• Interest rates: MAS centres monetary policy on the exchange rate, which it calls the more effective tool for Singapore. In India, the Monetary Policy Committee sets the RBI policy repo rate, which can affect the rupee side of SGD/INR.
• RBI action: The RBI says it aims for orderly adjustment of the rupee and curbs excessive volatility (Governor's statement, October 7, 2026). RBI action on USD/INR feeds into SGD/INR through the cross rate.
• Trade flows: MAS notes that Singapore's gross exports and imports exceed 300 percent of GDP. Shifts in global trade and electronics demand can therefore move the SGD within its band.
• Risk sentiment: The RBI's October 7, 2026 statement said renewed conflict in West Asia raised financial market volatility. Such periods can move both USD/INR and USD/SGD, and SGD/INR reflects both.

For SGD, 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 SGD, so a hedge would usually be a forward agreed with your bank. An EEFC account can hold SGD for a short time, subject to RBI's monthly conversion rule.

• Spot: Your AD bank converts the SGD 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 SGD, so ask your AD bank whether it quotes SGD/INR forwards.
• Limit order: Some banks accept an instruction to convert when SGD to INR reaches a target rate. Ask your AD bank whether it offers this and what it charges. Because the SGD floats within a band, a target can be reached through SGD moves as well as rupee moves.
• 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 SGD.

• Check mid-market: Compare the SGD/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 SGD directly to INR or through US dollars, since each conversion can carry a margin.
• Watch MAS dates: MAS announces policy changes in its Monetary Policy Statements. SGD you hold unconverted over a statement date is exposed to any band change.
• 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. Monetary Authority of Singapore: Singapore's Monetary Policy Framework, MAS' monetary policy framework is centred on managing the Singapore dollar against a trade-weighted basket of currencies (S$NEER), kept within a policy band; the primary tool is intervention in the spot FX market, selling or buying US$ against S$; gross exports and imports are more than 300 percent of GDP. (checked 8 Oct 2026)
3. MAS Monetary Policy Statement, July 2026 (27 July 2026), In its April 2026 review MAS increased slightly the rate of appreciation of the S$NEER policy band, with no change to the width or centre; in July 2026 MAS will increase the rate of appreciation of the policy band very slightly, with no change to the width of the policy band and the level at which it is centred. (checked 8 Oct 2026)
4. 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)
5. 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)
6. 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)
7. 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)
8. 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)