1 INR to USD - Convert Indian Rupee to US Dollar

Looking at the 30-day window, the INR/USD pair traded in a range of 0.010200 to 0.010900. The monthly average was 0.010484 with 1.86% volatility. The relatively low volatility indicates stable trading conditions for the INR/USD currency pair.

The current mid-market exchange rate is 1 INR = 0.010489 USD, updated as of June 3, 2026, 11:41 PM 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.

Indian Rupee to US Dollar Exchange Rate

INR/USD is the reverse of the heavily traded USD/INR pair, showing how many dollars one Indian rupee can buy. This perspective matters for Indian exporters, IT services companies billing in rupees, and NRIs (Non-Resident Indians) tracking the value of their assets back home.

The IT Services Connection

India's IT and business services sector earns over $200 billion annually, with a large share billed in dollars to US and European clients. Companies like TCS, Infosys, and Wipro employ millions and their profitability is directly tied to the INR/USD rate. When the rupee weakens against the dollar, these companies report higher revenue in rupee terms without doing any additional work. This dynamic makes India's entire IT sector a de facto bet on the rupee-dollar relationship.

What Drives the INR/USD Rate

This pair moves on the same fundamentals as USD/INR but from the opposite perspective. RBI policy, oil prices, IT export revenues, FDI flows, and Fed decisions are the primary factors. A strong dollar means a lower INR/USD rate.

What a Conversion Really Costs

Converting rupees to dollars is subject to India's capital control framework, which limits how much individuals can remit abroad (currently $250,000 per year under the LRS scheme). Banks charge 1-3% on the conversion plus a TCS tax on amounts above certain thresholds. Online forex services offer tighter rates within 0.5-1.5%.

How to Get the Best INR to USD Rate

Compare rates from authorized dealers against the mid-market rate on this page. For outward remittances, online forex platforms authorized by the RBI typically offer better rates than bank branches. Factor in the TCS tax when calculating total costs.