Currency Conversion for Indian Users

This 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.

RBI Reference Rate

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.

LRS - Sending Money Abroad from India

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.

TCS on LRS Remittances (FY 2026-27, post-Budget 2026)

Under the Income Tax Act 2025 (Section 394), which replaced Section 206C(1G) of the 1961 Act with effect from 1 April 2026, TCS on foreign remittances was simplified: education and medical TCS dropped from 5% to 2%, and overseas tour packages moved to a flat 2%. The TCS-free LRS threshold remains Rs 10 lakh per financial year (raised from Rs 7 lakh with effect from 1 April 2025).

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: Income Tax Act 2025, Section 394 (TCS) and the Act as amended by the Finance Act 2026 (PDF), both on incometaxindia.gov.in.

Common Currency Pairs for Indians

• INR to USD - US stocks, international purchases, education fees
• INR to AED - remittances to UAE, one of the largest corridors for Indian workers
• INR to GBP / EUR - UK and Europe education, travel
• INR to SGD - Singapore is a major destination for Indian professionals
• INR to SAR / KWD / OMR / QAR / BHD - Gulf (GCC) remittance corridors for Indian workers in Saudi Arabia, Kuwait, Oman, Qatar and Bahrain

Gulf Salary and Remittance to INR

Sending money home from the Gulf? These indicative rates cover the main GCC-to-India corridors - dinar to rupee, omani rial to INR, dubai dirham to rupees, qatari riyal to INR and saudi riyal to INR. The GCC remains a large, coherent remittance corridor for Indian workers. Most of these currencies are pegged to the US dollar (the Kuwaiti dinar is managed against a currency basket), so their rupee value largely tracks USD/INR. Amounts below are indicative benchmarks - your bank or remittance provider applies its own margin, so compare provider rates before sending money.

1 Omani rial = 1000 baisa, so 100 baisa is about ₹24.86. These are indicative corridor benchmarks last refreshed 2026-07-09; they move largely with USD/INR, so use the converter above for the current figure and confirm with your bank or remittance provider before transferring.