Converting US dollars to Indian rupees
Enter an amount in dollars to see its value in rupees at the latest daily reference rate, along with the reverse rate (how many dollars one rupee buys). The table shows the same amount in other popular currencies. Press ⇄ to convert INR to USD instead.
Sending money from the US to India
India is the world’s largest recipient of remittances, and costs vary a lot between providers. When comparing, look at three things: the exchange rate offered, any fixed transfer fee, and how quickly the money arrives. A provider with “zero fees” can still be expensive if its exchange rate is well below the reference rate. Use this converter as your benchmark: the closer a quote is to the reference amount, the cheaper the transfer.
What moves the dollar–rupee rate?
The rate is influenced by interest rate differences between the US Federal Reserve and the Reserve Bank of India, oil prices (India imports most of its oil, paid in dollars), foreign investment flows into Indian stocks and bonds, and the trade balance. The RBI also intervenes in the market to limit sharp swings, which is why the rupee usually moves gradually rather than suddenly.
Freelancers and businesses
If you invoice US clients from India, agree in advance whether the invoice is in USD or INR and who pays transfer fees. You can create the invoice with our Invoice Generator in either currency. For other pairs, use the full Currency Converter.
Reading the rate correctly
The rate shown is how many rupees one US dollar buys at the reference rate, together with the reverse: how many dollars one rupee buys. Indian media and banks often quote the rate as “₹ per $”, which is the first figure. When comparing remittance providers, convert the same dollar amount in each and compare how many rupees arrive in the recipient’s account after all fees.
Large amounts and lakhs
In India large amounts are written in lakhs (100,000) and crores (10 million). For example, $10,000 at a rate of 88 is ₹8,80,000, or 8.8 lakh. The converter uses your device’s number format; if it shows 880,000 that is the same value written in the international style.
Timing your transfer
Exchange rates move daily, but trying to time the market rarely saves much on regular transfers. Fees and the provider’s margin usually matter more than small daily movements. For large one-off transfers, such as property payments or tuition fees, some providers let you lock a rate in advance.
Frequently asked questions
Where does the USD to INR rate come from?
From the European Central Bank’s daily reference rates, which publish both currencies against the euro. The USD to INR rate is derived from those two values.
Why is the rate my bank offers different?
Banks and transfer services add a margin to the mid-market rate, plus fees. Compare the rupees the recipient will actually get with the amount shown here to see the real cost.
When is the rate updated?
Once per European working day, around 16:00 CET. Weekend conversions use Friday’s rate.