1 EUR to INR - Convert Euro to Indian Rupee

Looking at the 30-day window, the EUR/INR pair traded in a range of 108.4763 to 114.9176. The monthly average was 110.7901 with 1.4% volatility. The relatively low volatility indicates stable trading conditions for the EUR/INR currency pair.

The current mid-market exchange rate is 1 EUR = 111.0767 INR, updated as of June 4, 2026, 12:59 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Euro to Indian Rupee Exchange Rate

EUR/INR connects the Eurozone with India, reflecting the growing economic relationship between two of the world's largest markets. The EU is India's third-largest trading partner, and the Indian diaspora across Europe, particularly in the UK, Germany, the Netherlands, and France, sends billions of euros to India every year. For IT companies billing European clients in euros and Indian students studying in Europe, this rate is a daily financial reality.

The European IT Outsourcing Corridor

European companies spend tens of billions of euros annually on IT services from Indian providers. Companies like TCS, Infosys, and Wipro have major European operations, with regional headquarters often in London, Amsterdam, or Frankfurt. These contracts are frequently denominated in euros, creating a steady flow of EUR/INR conversions as Indian companies repatriate earnings. The rate directly affects the profitability of these contracts. A weaker rupee means higher profits in rupee terms for Indian IT firms, while a stronger rupee squeezes margins. This dynamic makes the European IT outsourcing sector one of the largest consistent drivers of EUR/INR flow, alongside diaspora remittances and direct trade in goods.

What Drives the EUR/INR Rate

ECB and RBI interest rate decisions, Indian inflation and GDP data, Eurozone economic conditions, oil prices (India imports most of its energy), and IT sector revenue trends are the main drivers. The pair also reflects broader EUR/USD and USD/INR dynamics since EUR/INR is effectively a combination of both. Capital flows into Indian equity and bond markets from European investors add another layer of movement.

What a Conversion Really Costs

Banks charge 2-4% on EUR/INR conversions. Digital remittance services popular in the Europe-India corridor offer 0.5-1.5% above mid-market. For Indian students in Europe paying tuition, the conversion cost on 20,000 EUR at a 3% bank rate versus a 0.8% fintech rate is a difference of about 440 EUR, which is significant on a student budget. The corridor has become increasingly competitive as fintech companies target the large Indian diaspora in Europe.

How to Get the Best EUR to INR Rate

Compare the mid-market rate on this page with your provider. For regular remittances, digital services are consistently cheapest. For student tuition payments, some universities accept international wire transfers at near-interbank rates through partner banks. Check whether paying in euros or converting to INR first gives a better total cost. Some payment platforms now offer direct EUR to INR transfers that skip the dollar entirely, reducing conversion steps and costs.