Convert Indian Rupees to 30+ currencies. Live daily rates. Lakh and crore conversions.
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= ₹8,382
= $11.93
Indicative fallback rate · live update pending
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timezone converterThis tool converts Indian Rupees to and from major world currencies using recent exchange rates. Rates are indicative and updated frequently but may differ from the rate your bank or forex provider offers. For exact transaction rates, always check with your bank or authorised dealer.
The Reserve Bank of India publishes a daily reference rate for USD/INR and other major currency pairs every working day (excluding Mumbai bank holidays). Since July 2018, this rate is computed and published by FBIL (Financial Benchmarks India Ltd). The RBI reference rate is a benchmark - actual market rates and bank rates will differ slightly.
Under the Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year for permitted purposes including education, travel, investment, gifts, and medical treatment. The Rs 10 lakh threshold for TCS is calculated cumulatively across all your LRS remittances during the financial year - not per transaction.
Union Budget 2026 simplified TCS on foreign remittances effective 1 April 2026. Education and medical TCS dropped from 5% to 2%; overseas tour packages dropped to a flat 2% with no threshold. The TCS-free LRS threshold remains Rs 10 lakh per financial year (raised from Rs 7 lakh by Union Budget 2025).
| Purpose | Up to Rs 10 lakh | Above Rs 10 lakh |
|---|---|---|
| Education (funded by loan from approved institution) | 0% | 0% |
| Education (self-funded) | 0% | 2% |
| Medical treatment | 0% | 2% |
| Overseas tour package | 2% | 2% |
| Other (investment, gifts, US stocks, property) | 0% | 20% |
TCS is collected by your bank or remittance provider at the time of the transfer and deposited with the income tax department against your PAN. It can be claimed back as a credit when you file your income tax return for the year. Rates can change with each Finance Act - verify current rates with your bank or CA before a large remittance. Sources: BookMyForex Budget 2026 update, Cleartax, Bajaj Finserv.