Live USD to INR Rate Today

USD-INR Currency Converter

USD = 71.79 INR

Interbank/ mid-market Rate at: 2019-11-17 13:04:22

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USD to INR Chart/ Historical USD to INR Rates

USD to INR Forecast


Major Support Level ₹70.70
Major Resistance Level ₹72.55


USD Rates are likely to increase over the next few days*

USD to INR Forecast for different time periods
  Range Expected
Today 71.20- 71.55
7 days 70.90 - 71.65
30 days 70.70 - 72.55
1 Year 69.00 - 73.00

USD to INR Forecast Updates

https://www.youtube.com/embed/KJ5T18dd3g8

Rupee recovered on grouds of the announcement by FM about corporate rate cuts, stronger Yuan and the revival of US - China trade talks. Watch the video to understand the factors impacting Rupee this week and the likely band in which it will progress.

USD to INR Frequently Asked Questions

To answer the legendary question–How the Indian rupee has devalued since 1947 till date?We’ve come up with a simple clarification. If you believe that exchanging 1 USD to INR in 1947 would have got you 1 Rupee exactly, then, sadly, that’s not true reason being when India got her independence in the year 1947, there were no outstanding credits on the balance sheet of India that kept Indian Rupee at parity with the US Dollar. Also, the Indian Rupee was pegged to Pounds then since India was under British Raj, keeping the value stable at that moment. As reported: from 1927 to 1966, 1 pound valued to 13 INR. Right after Independence however, the Indian rupee continued to peg to the British pound at a rate of 1 rupee = 1 shilling and 6 pence what can be withdrawn from the stated that as 13 1/3 rupees per British pound. However, the sources state that British pound would have worth about 4 USD at that point of time – hence, concluding that the US Dollar would’ve been more than 3Rs then. When India launched its first 5 Year Plan, the Indian Rupee resultingly used to peg with the U.S. dollar at a rate of 7.5 rupees = 1 dollar until 1971.
Indian Rupee has performed well against other major currencies which include currencies of other Emerging Market Economies. Hence, it’s the US Dollar that has gained against the majority of currencies. Indian Rupee however has weakened against the US Dollar, so have almost all major currencies against US Dollars. But when we compare the data of last 5 years then Indian Rupee has appreciated against almost all major currencies. However, despite the appreciation against other currencies, a weak rupee against the dollar will have a significant impact on India’s economy since US Dollar is the main currency for international trade

USD to INR Currency Conversion

The American dollar (USD to INR) is one of the strongest currencies in the world. It is the official currency for the United States of America and its territories. USD is majorly used for international transactions making it the world’s primary reserve currency. The Indian Rupee is highly exchanged with USD because of two primary reasons:

  • Several American corporations have their branches in India. This presence leads to the exchange of both manpower and money.
  • NRI's form 1% of the USA population as around 3.1 million Indians are present in America.

Besides these reasons, USD is accepted in several countries where it is difficult and expensive to exchange the Indian Rupee. Thus, making USD a cheaper option than the local currency of the place someone chooses to travel to.

 

The Best Way to Convert USD to INR

US Dollars  (USD) is one of the most sought currencies in the world. In case you are looking out to buy/sell USD or convert USD to INR at the best rate, now you can get that online at BookMyForex.com.  

The growth of foreign trade, travel, business, and education has led to the development of options for currency exchange. The traditional method of currency exchange included banks and local money changers. To get your money exchanged from a bank, you have to visit a bank and wait for your turn to switch currency at day’s rates.

Further, when you choose a bank to exchange currency you do not get the benefit of the fluctuations of exchange rates. The local money-changers keep a huge mark-up on the currency exchange. Moving ahead of the traditional approach, BookMyForex has revolutionized the forex Industry. It is the largest online marketplace for foreign exchange and provides following currency conversion services to its customers.

 

Why should you convert USD to INR online at BookMyForex?

BookMyForex is India's first and largest online currency exchange marketplace. At BookMyForex.com, you can not only place your order to convert Dollar to Rupee online but also get it delivered directly to your home. So there is no need to step out to get your foreign exchange

  • Lowest Dollar to INR Exchange Rates:  Being a digitally enabled platform, BookMyForex provides one of the most competitive rates in the market and that you can check it online at the BookMyForex full rate card
  • Trust: BookMyForex deals with only RBI approved money changers and offers live rates to its customers which change every 3 seconds, thus making your USD to INR conversion easier, efficient and hassle-free.
  • Transparency: You can buy foreign exchange online at the live rates reflected on our currency rate card with BookMyForex. In fact, you can buy or reload your forex card at exact interbank rates.
  • Convenience: You can place your forex related orders online at BookMyForex from the comforts of your home.

    Besides these, here are some other reasons why BookMyForex should be your topmost option to exchange money.
  • You can freeze a particular rate for up to three days.
  • No hidden charges when you convert US Dollars to Rupee and vice versa.
  • You can set rate alerts for your preferred rates.

Convert Dollar to Rupee in 4 Easy Steps:

Step 1: Go to BookMyForex.com or simply call at +91 9212219191

Step 2: Select the currency (INR to USD) and the amount that you want to exchange.

Step 3: Upload KYC documents which include your Passport, Visa, Air-Ticket and PAN Card online.

Step 4: Get your US Dollars delivered directly to your home on making successful payment.

Also Read: 1 USD to INR Since 1947 2019

 

About BookMyForex

BookMyForex was established in 2012 with the mission of bringing total transparency in the currency exchange market and provide a seamless experience to the people looking for currency exchange and forex related services in India. Apart from currency exchange services, BookMyForex also deals with forex card issuance, loading/unloading of the prepaid travel card. Traveller’s cheque and international remittance related services.

Foreign currency Notes: Currency notes are paper notes one can use when travelling abroad. Although highly used, currency notes are unsafe and unprotected against loss and counterfeit.

Currency card: Forex or Travel cards are prepaid cards which are pin protected, have considerable spending limits and is completely replaceable in case it is lost or stolen. They are better than debit/credit card due to the fact that you avoid giving 2% to 5% transaction fees and variable currency exchange rates.

Wire transfer: Wire transfer is an easy, efficient method to remit fund abroad, into a foreign account. While most banks and other organizations charge a hefty amount to transfer money, BookMyForex sends money abroad at near-zero charges.

Travelers cheque: Travelers' cheque are pre-printed, fixed-amount cheques which need to be signed twice to be encashed. They are less popular than either Forex card or currency notes and are not accepted easily accepted at international establishments.

Demand Draft: Demand Drafts are famous instruments used to send money abroad. They are issued by a bank towards a beneficiary preferred over personal cheques for the purpose of university fees, etc.

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I had a great experience with BookMyForex during my travel to Sweden. These guys have an excellent Service, best market rates and a high level of professionalism. Many thanks for all your dedicated & amicable support. Highly recommended for trouble-free experience.

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* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1 lakh or more

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