What Is the USD to INR Rate Today?

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

Indian exporters usually receive US dollars as a SWIFT wire into their AD bank account, or through a collection service that gives US account details. The US is not an ACU member, so RBI's Manner of Receipt and Payment Regulations allow receipt in any foreign currency through an authorised bank. Payers in Asian Clearing Union countries follow separate RBI rules.

Over the last year the USD to INR reference rate ranged from ₹88.49 to ₹96.83. 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 ₹94.63 for 4 Nov 2026.

Banks buy US dollars at a TT buying rate set below the mid-market rate, and that gap is the bank's margin. A SWIFT wire can also pass through one or more intermediary banks, each of which may deduct a charge before the money arrives. Ask your AD bank for its USD margin and its inward remittance charge.

Say a bank converts USD 5,000 at a TT buying rate 1.5% below the mid-market rate of ₹94.63. It credits about ₹4,66,063 instead of ₹4,73,160, a difference of ₹7,097 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 US dollar has no fixed value and is priced by supply and demand in currency markets. The US Treasury sets exchange market intervention policy. The New York Fed carries out any FX operations at the direction of the FOMC or the Treasury. Changes in the federal funds rate also move exchange rates.

• Fed policy: The Federal Open Market Committee meets eight times a year and steers the federal funds rate. The Fed says changes in that rate affect foreign exchange rates.
• RBI action: RBI manages FEMA with the stated aim to promote orderly development and maintenance of the foreign exchange market in India. Its operations in the foreign exchange market can affect the USD to INR rate.
• US intervention: The US Treasury decides exchange market intervention policy and can use the Exchange Stabilization Fund to buy or sell foreign currencies.
• Trade flows: Exporters selling dollars and importers buying them change the supply and demand for USD in India each day.
• News: Economic data releases and global events can move the dollar against most currencies, including the rupee, within hours.

Exporters can convert US dollars at spot, lock a rate with a forward contract, set a target rate with their bank, or hold dollars in an EEFC account. Forwards in USD to INR are widely offered by AD banks. EEFC balances must still be converted by the end of the following month.

• Spot: Your AD bank converts the USD 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 USD 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 TT buying rate against the mid-market rate on the same day and work out the gap as a percentage.
• Ask for charges: Ask whether intermediary banks deduct charges on SWIFT wires and whether the sender can choose to pay them.
• Negotiate margin: Banks often price regular or large USD inflows more finely. Ask your relationship manager for a better margin if you receive dollars every month.
• Batch receipts: Fewer, larger conversions can mean fewer fixed charges. Check your bank's schedule of charges for inward remittances.
• Get the advice: Ask for 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. US Treasury: Exchange Stabilization Fund, The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF can be used to purchase or sell foreign currencies. (checked 8 Oct 2026)
3. Federal Reserve Bank of New York: International Market Operations, The New York Fed transacts in the FX market both at the direction of the FOMC and, as fiscal agent of the United States, at the direction of the U.S. Treasury. (checked 8 Oct 2026)
4. Federal Reserve Board: Federal Open Market Committee, The FOMC holds eight regularly scheduled meetings per year. Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates. (checked 8 Oct 2026)
5. 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)
6. 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)
7. 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)
8. 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)