USD to INR Currency Converter with Live Rate

USD-INR Currency Converter

1 USD = 83.98 INR

Interbank/ mid-market Rate at: 06-10-2024 14:08:07

Live US Dollar Exchange Rates

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USD to INR Forecast Updates

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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the Indian rupee continued to peg to the British pound at a rate of 1 rupee = 1 shilling and 6 pence what can be withdrawn from the stated that as 13 1/3 rupees per British pound.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

Convert USD to INR Online as per Today’s Conversion Rate

Our online currency converter is showing you the value of 1 US Dollar in Indian Rupees according to the current foreign exchange rate'of INR 83.98. Today i.e.Sunday 06/10/2024 , for 1 US Dollar you get 83.98 Indian Rupees. Change in USD to INR rate from previous day is +0.04%. Moreover, we have also added the table of the most popular USD to INR conversions and historical charts for current, weekly and monthly USD to INR rates.

With BookMyForex'currency calculator, you can convert US Dollar to Indian Rupee at best exchange rates. Our US Dollar to INR rates is LIVE and accurate to the last second. We update the rates every 3 seconds. BookMyForex.com allows you to check the rates which are interbank rates. Interbank rates are the same rates that you see on search engines. You won't be able to do better currency conversion anywhere else. BookMyForex offers the'most updated and unbeatable exchange rates to its customers.

 

How Can I Convert Dollar (USD) to Rupee (INR) in India?

There are multiple ways to convert USD to INR in India for example, at your local bank branch, at airports, offline money changers, or online via reputed forex platforms like BookMyForex. 

Having to run to a bank or an offline money changer every time you want to convert currency isn't convenient. Not only is this time-consuming, but even after all the effort, you still end up paying higher costs, as banks/ money changers charge 2 to 5% more than base rates. Another place almost all international travelers visit is the airport terminal, where they can convert USD to INR. However, currency exchange shops at airports make big profits by charging you rates with up to 15% markup. Simply put, all these establishments charge inconsistent and opaque rates.

A smarter, faster, and more economical way to exchange USD to INR is to use BookMyForex, a MakeMyTrip group company, which is India's most trusted forex platform. Placing an order is easy and hassle-free; no long queue, no haggling over rates, no hidden charges, and no lengthy process. The platform compares the rates by hundreds of RBI-authorized money changers in your area to offer you the best possible USD to INR conversion rates.

To exchange Dollar (USD) to Rupee (INR) via BookMyForex.com, simply follow these steps:

Step 1: Order Details: Start by selecting your city and the currencies. Enter the amount and click on "Book This Order".

Step 2: Customer Details: Enter details such as your name, contact number, and email ID.

Step 3: Eligibility Check: Confirm that you are an Indian citizen and upload documents such as your passport and PAN card.

Step 4: Order Processing: Select an existing delivery/pickup address or enter a new one.

Step 5: Review Order: Choose how you would like to receive your INR payment. The payment options include NEFT/RTGS (Pay Later) and Cash.

 

Benefits of Converting USD to INR Online with BookMyForex.com

Live Rates Bookings:

At BookMyForex, leverage the power of converting USD to INR at live rates. Our rates change every 3 seconds. Unlike other authorized money changers, like banks and other local vendors, BookMyForex does not sell or buy foreign currency at fixed rates. We recognize the fact that foreign exchange markets are totally volatile and if the rates are fixed, a sudden change in prices can have a major impact on your wallet.

Rate Hold Facility:

With BookMyForex, you can convert USD to INR at the lowest rate for any particular day and you can also retain the same rate for 3 working days. Isn't that absolutely unbelievable? For this facility, you have to pay a 2 percent refundable rate guarantee deposit. The deposit will be refunded to you in full immediately after the order is completed. 

Rate Alert Feature:

Enable our rate alert feature and get the Today Dollar rate alerts unfolding. Use the feature to your advantage. Keep track of the daily USD rates now and buy when the rate reaches the value you prefer.

Best Exchange Rates:

The best foreign exchange rates are offered by BookMyForex. At BookMyForex, we make every reasonable effort to efficiently serve our customers and be the best of all competitors in the Foreign Exchange market.

Avail Special Student Discount:

BookMyForex offers students special discounts on USD related remittances or travel card transactions related to education. We ensure that you earn maximum benefits from educational remittances.

Offers and Discounts:

We have also come up with creative offers and promotions in the recent past, such as our Zero-Margin Program. We also thrill our customers with exclusive offers. In particular, when the Big Forex Sale is live, catch the best BookMyForex discounts.

 

How does BookMyForex provide better USD to INR conversion rates than other money changers?

You must be wondering how we are able to provide better USD to INR conversion rates than banks or other money changers. Let us explain you how we enjoy a definite edge over our competitors:

Fixed vs Live Rates:

BookMyForex allows users to convert INR to USD at both live and direct rates, unlike controlled banks offering foreign exchange at fixed rates for the day. Only on the BookMyForex forex rate page can the most recent USD rates be found. Setting the entire day's USD exchange rate allows banks and other money changers to maintain a higher profit margin during the day to protect against any unforeseen volatility. On the other hand, BookMyForex gives its customers the most attractive foreign currency rate and thereby passes the benefit on the basis of a better exchange rate to its customers.

Individual vs Aggregator:

BookMyForex first compares USD rates across 100s of currency exchanges close to your location as a digitally driven currency exchange marketplace and offers you the best exchange rates for USD. With so many banks and other authorized vendors, we have special ties that allow us to provide our customers with the best possible offer in the area.

Institutional Expenses:

Most money exchangers in India have an organizational framework at the physical level involving various forms of fixed costs, such as rent, salaries and other operating costs. The fundamental economic law tells us that the customer will actually incur all these expenses as part of higher fees and transaction costs. BookMyForex reduces the price and passes the gains on to consumers in the form of the best foreign exchange rates on the market, since we are a truly digital forex marketplace.

 

Other Forex Services We Offer

Forex Card (Prepaid Travel Cards):

If you are travelling to the USA, you can purchase a forex card on BookMyForex for all your expenses overseas. Forex cards, also known as Prepaid travel cards, are accepted at most ATMs and stores/ hotels etc while you are in the USA. Prepaid cards are the most recommended and the safest way of carrying currency. You can now get a multi-currency card as well, where you can carry more than one currency for your multiple location travel to avoid carrying multiple cards.

Wire Transfer:

Wire transfers are used to remit (send) money directly from an Indian bank account (of the customer) to the foreign bank account (of the beneficiary). If you plan to send money from India to USA, we will help you get the best deal possible and make sure that the money gets transferred in the fastest time possible. After your transaction is confirmed, it usually takes between 12-48 business hours for it to reach the beneficiary.

Traveler’s Cheques:

Traveler’s cheques (TCs), are safer than carrying currency but are not accepted at most establishments now. Prepaid Travel cards are a much more recommended method of carrying currency than TCs.

Demand Drafts:

Demand drafts are issued in the foreign currency (USD in this case) desired for the purposes of remitting (sending) money abroad. Demand drafts can be carried or mailed to the beneficiary.

Read More

USD to INR Chart/ Historical USD to INR Rates

Below is the USD to INR rate chart for today, last 7 days, last 30 days and last 1 year

1 USD = 83.98 INR Interbank/ mid-market Rate at: 06-10-2024 14:08:07

Popular USD to INR Conversion Rates:

US Dollar (USD) Indian Rupee (INR)
1 USD 83.98 INR
5 USD 419.9 INR
10 USD 839.8 INR
20 USD 1679.6 INR
25 USD 2099.5 INR
50 USD 4199 INR
100 USD 8398 INR
200 USD 16796 INR
250 USD 20995 INR
300 USD 25194 INR
US Dollar (USD) Indian Rupee (INR)
500 USD 41990 INR
1000 USD 83980 INR
1500 USD 125970 INR
2000 USD 167960 INR
3000 USD 251940 INR
5000 USD 419900 INR
10,000 USD 839800 INR
50,000 USD 4199000 INR
100,000 USD 8398000 INR
1 Million USD 83980000 INR

1 US Dollar To Indian Rupee Stats

  Last 30 Days Last 90 Days
High 83.9925 83.9925
Low 83.6325 83.5225
Average 83.8125 83.7575
Change 0.3255% 0.4755%
Currency Information

USD - US Dollar

The US Dollar is the currency of the United States. The currency code for US Dollar is "USD". Click below to get more details and facts about US Dollar, its ranking & rates.

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USD - INR Forecast

USD to INR forecast derived from the thorough analysis of USD to INR exchange rate via moving averages, buy/sell signals & expert chart indicators. Click below to get a detailed USD to INR forecast.

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USD - US Dollar

The US Dollar is the currency of the United States. The currency code for US Dollar is "USD". Click below to get more details and facts about US Dollar, its ranking & rates.

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USD - US Dollar

The US Dollar is the currency of the United States. The currency code for US Dollar is "USD". Click below to get more details and facts about US Dollar, its ranking & rates.

More info

USD to INR Frequently Asked Questions

USD to INR is a number which denotes the value of 1 USD  in terms of the Indian rupees. As the currency exchange market is highly volatile in nature based on the net demand and supply conditions, the USD to INR exchange value is never static.

Exchange rate forecasts are necessary to gauge the foreign denominated cash flows involved in international transactions. Thus, USD to INR exchange rate forecasting is extremely important to gauge the advantages and risks involved in foreign currency exchange. Click here to get detailed USD to INR forecast.

The legal limit for the carrying of cash in US dollars from India to the USA is USD 3000 per person per trip. That being said, without reporting it at the customs, you can hold up to US $10,000 in the form of currency notes, travelers' cheque, etc.

Yes, Being an RBI licensed currency exchange marketplace, BookMyForex ensures complete transparency in your currency exchange transaction. You would be provided with a proper receipt of your currency exchange transaction. Even if you get your receipt misplaced, you can ask for a duplicate copy by sharing the order details.

As per the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India, a person can consume foreign exchange only upto 2.5 lakh US dollars or its equivalent to other currency cumulatively in a financial year. So you can calculate the limit upto which you can carry USD for your foreign trip depending on your earlier consumption of foreign exchange in the current financial year

As the foreign exchange market is highly volatile, there is no particular time per se to buy or sell USD in India. However, in economic terms, you should buy USD in India when Rupee is trading at relatively stronger levels against the US dollar so that you need to pay a lesser amount to buy USD. Similarly, if you are looking to sell USD then you should do it when USD to INR exchange rate is on the higher side, i.e INR trading at weaker levels so that you get more INR per US dollar.

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Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : NDL-FFMC-0093-2023 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

** Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

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