USD to INR Exchange Rate — Benchmark Reference Rate (5 October 2026)
Convert US Dollars (USD) to Indian Rupees (INR) and vice-versa using benchmark reference rates from Financial Benchmarks India Pvt Ltd (FBIL). Real-time conversion, popular amounts table, and foreign exchange breakdown.
FBIL Mumbai Interbank Fixing
Reverse Conversion Rate
Direct Wholesale Value
Convert US Dollar to Indian Rupee
Based on current reference benchmark rate: 1 USD = ₹83.95
At benchmark rate: 1 USD = ₹83.95 INR
Banks, PayPal, Wise, and credit cards typically apply a markup spread (1.5% to 3.5%) above this reference benchmark rate for outward remittances and card purchases.
USD to INR Conversion Table
| US Dollar (USD) | Indian Rupee (INR) |
|---|---|
| $1 USD | ₹83.95 |
| $5 USD | ₹419.75 |
| $10 USD | ₹839.50 |
| $20 USD | ₹1,679.00 |
| $50 USD | ₹4,197.50 |
| $100 USD | ₹8,395.00 |
| $250 USD | ₹20,987.50 |
| $500 USD | ₹41,975.00 |
| $1000 USD | ₹83,950.00 |
| $2000 USD | ₹1,67,900.00 |
| $5000 USD | ₹4,19,750.00 |
| $10000 USD | ₹8,39,500.00 |
INR to USD Conversion Table
| Indian Rupee (INR) | US Dollar (USD) |
|---|---|
| ₹100 | $1.19 |
| ₹500 | $5.96 |
| ₹1,000 | $11.91 |
| ₹2,000 | $23.82 |
| ₹5,000 | $59.56 |
| ₹10,000 | $119.12 |
| ₹25,000 | $297.80 |
| ₹50,000 | $595.59 |
| ₹1,00,000 | $1,191.19 |
How USD to INR Conversion Works: Reference vs Bank Spreads
1. How to Convert USD to INR
The mathematical formula for converting US Dollars to Indian Rupees is straightforward:
For example, using today’s reference rate of ₹83.95:
- $100 USD = 100 × ₹83.95 = ₹8395.00
- $1,000 USD = 1,000 × ₹83.95 = ₹83950.00
2. Why Bank and Credit Card Rates Differ
The rate displayed here is the wholesale interbank benchmark reference rate. When you perform an international money transfer or swipe an Indian credit card abroad, you rarely receive the pure benchmark rate. Instead, intermediaries add a forex spread:
3. Key Factors That Drive the Rupee’s Value
The USD/INR currency exchange rate fluctuates throughout the trading day based on multiple macroeconomic drivers:
- Crude Oil Prices: India imports over 80% of its petroleum needs. Higher crude oil prices increase the demand for US Dollars to pay international suppliers, putting downward pressure on the Rupee.
- Foreign Portfolio Inflows (FII/FPI): When overseas investors invest heavily in the Indian stock market (BSE/NSE), they convert dollars to rupees, strengthening the INR.
- US Federal Reserve & RBI Interest Rates: Higher interest rates in the United States attract capital to US Treasury bonds, strengthening the US Dollar globally.
- Trade Deficit: The gap between India's total imports and exports directly dictates the supply and demand equilibrium for foreign currencies.
Data Source & Provenance
Methodology: Effective July 10, 2018, FBIL computes and disseminates the Reference Rate for USD/INR on each Mumbai business day at 1:30 PM IST based on transaction data polled from interbank market participants.
Notice: The reference rate is an institutional benchmark and does not represent an executable retail bank or remittance rate.
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Frequently Asked Questions on USD to INR Conversion
What is 1 US Dollar in Indian Rupees today?
Based on the latest benchmark reference rate published by Financial Benchmarks India Pvt Ltd (FBIL), 1 USD is currently approximately ₹83.95 INR. Exact transaction rates at banks may differ due to forex markups.
How much is 100 Dollars in Indian Rupees (100 USD to INR)?
At the current benchmark rate of ₹83.95 per dollar, 100 US Dollars equals approximately ₹8,395 Indian Rupees.
Why does my bank or credit card charge a different exchange rate?
The displayed FBIL rate is the interbank wholesale reference rate. Commercial banks and credit card issuers (e.g. Visa, Mastercard, SBI, HDFC) charge a forex markup spread—typically 1.5% to 3.5% plus GST—to cover conversion costs and credit risk.
Who determines the official USD to INR reference rate in India?
Effective July 10, 2018, the Reserve Bank of India (RBI) transferred the administration and publication of reference rates for USD/INR, EUR/INR, GBP/INR, and JPY/INR to Financial Benchmarks India Pvt Ltd (FBIL).
What factors cause the US Dollar to Rupee rate to change?
Key economic factors include crude oil import prices, foreign portfolio investment (FII) flows, interest rate decisions by the US Federal Reserve and RBI, inflation differentials, and India’s foreign trade deficit.