Convert Indian Rupee (INR) to US Dollar (USD)

When to use INR → USD

INR to USD produces small decimals: 1 rupee buys around 1.2 US cents at recent rates. Indian exporters of IT services, pharmaceuticals, and textiles all settle in dollars and convert at this rate; their margins are exposed to its movement. The RBI publishes its own reference (the FBIL reference rate); the ECB also publishes an INR/EUR cross. Spreads at Indian banks for retail customers range 2–4 % depending on amount and channel; FX-specialised online services cut this to under 1 %.

How to convert Indian Rupee to US Dollar

1. 1

   Enter your amount

   Type the value in Indian Rupee you want to convert into US Dollar.

2. 2

   Read the live rate

   At today's mid-market rate, 1 INR equals 0.010594 USD. Your full amount is recalculated as you type.

3. 3

   Use the number, not the quote

   Banks, brokers, and card networks add a spread of 0.5–3 % on top of the mid-market rate. Treat Convertitive's number as a reference, not a price you can actually trade at.

INR to USD conversion table

Common amounts at today’s rate of 1 INR = 0.010594 USD.

Frequently asked questions

What is 1 Indian Rupee in US Dollar?

1 INR = 0.010594 USD at today's mid-market rate.

What is 100 INR in USD?

100 INR = 1.0594 USD.

What is 1 USD in INR?

1 USD = 94.3956 INR — the inverse of the rate above.

Where do these rates come from?

The European Central Bank publishes daily reference rates around 16:00 CET. Convertitive consumes them through the Frankfurter open data service and refreshes its cache every hour.

How often is the rate updated?

Up to once per hour, and only when the ECB itself has issued a new value. Over weekends and holidays the displayed rate stays at the previous business day's close.

Why isn't this the rate my bank quotes?

Mid-market rates are a benchmark; retail banks and card networks add a spread on every conversion to cover their costs and margin. Expect that spread to be 1–3 % on most card transactions and 0.4–0.8 % at large brokers.

Can I use this for accounting or invoicing?

Use it as a reference. For official accounting, most jurisdictions require a documented rate from a central bank or your tax authority (which often publish their own daily values).

What's a 'mid-market' rate?

The midpoint between the buying and selling prices that wholesale banks quote each other. It's the closest thing to a 'real' rate for an individual to compare against.

About Indian Rupee and US Dollar

Other currency converters

• USD → EURUS Dollar to Euro
• EUR → USDEuro to US Dollar
• USD → GBPUS Dollar to British Pound
• GBP → USDBritish Pound to US Dollar
• USD → JPYUS Dollar to Japanese Yen
• JPY → USDJapanese Yen to US Dollar

Sources

• European Central Bank — euro foreign exchange reference rates
• Frankfurter — open ECB rates API