About converting US dollar to Indian rupee
The dollar–rupee rate matters to IT and outsourcing companies, freelancers, students heading to the US and families receiving remittances. India is the world’s largest recipient of remittances, and a large share arrives in dollars.
The rupee floats, with the Reserve Bank of India stepping in to smooth sharp moves. This converter uses the European Central Bank’s daily rupee and dollar reference rates, so both sides come from the same official source and date.
Banks and exchange companies add a margin to the mid-market rate shown here, and some charge a fixed fee as well. Compare the final amount received, not just the headline rate.
How the USD to INR rate is worked out
Rates are stored per euro, so every pair is a cross rate through the euro, and the inverse is 1 divided by the rate. Major currencies use the European Central Bank’s euro reference rates; others, such as the Pakistani rupee and Gulf currencies, use the open-source currency-api feed, linked through the US dollar. The working box under the result shows the sum with today’s numbers.
The rate is a mid-market reference for information only. For a transfer, compare the amount the recipient receives with two or three providers. For any other pair, use the full currency converter.