USD to INR
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Last updated:
Mar 23, 2023, 12:00 AM
Currency Exchange Rates
INR
1| Currency | Amount |
|---|---|
AUD
Australia
|
0.02 |
JPY
Japan
|
1.6 |
GBP
United Kingdom
|
0.01 |
USD
United States
|
0.01 |
Popular Conversions
- 1.
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USD
United States
- To
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INR
India Rupee
- 2.
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EUR
Europe
- To
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INR
India Rupee
- 3.
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CAD
Canada
- To
-
INR
India Rupee
- 4.
-
GBP
United Kingdom
- To
-
INR
India Rupee
- 5.
-
AUD
Australia
- To
-
INR
India Rupee
- 6.
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SGD
Singapore
- To
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INR
India Rupee
- 7.
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NZD
Newzealand
- To
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INR
India Rupee
Using our USD to INR currency converter, you can easily convert the value of a dollar to an Indian Rupee real quickly at the best live exchange rate. Every USD to INR rate on our site is LIVE and ensures the highest accuracy. Within every few seconds, our site keeps updating the rates.
5Paisa enables you to keep track of the rates that are interbank rates. These rates are the same as those found on Business News Channels or search engines. Leverage our all-time updated USD to INR currency converter with live rates to perform better and more accurate currency conversion anytime, anywhere.
You can convert USD to INR in numerous ways in India. Visiting the banks is the most conventional approach to doing it. You wait in line while waiting for your chance or turn. Despite all the work, this wasn’t only time-consuming but also quite aggravating, and the expense was enormous.
The second method involved looking for a money lender; the first thing to determine isn’t whether they have had the needed USD. That sets off a protracted fee negotiation process, during which you may be astonished to learn that you are not receiving the rate you could see on business news networks.
The third option was to do so at the airport, but individuals find that fees and the cost of converting USD to INR today at airports are astronomically expensive. The most cost-effective, quick, and innovative approach uses the forex platform 5Paisa. We provide the best USD to INR live conversion, and here are the steps on how to order on our platform:
● Step 1: Choose your city, fill out your needs, and finish booking a forex order online.
● Step 2: The banking institution or money exchanger in your area with the most significant and dependable service levels will be chosen.
● Step 3: Your doorstep delivery will be scheduled by the chosen bank or money changer, or you can choose to collect your order at their destination.
● Step 4: You can follow the progress of your currency order online until the time of the last delivery or pick-up.
|
USD |
INR |
|
$1 |
₹82.7236 |
|
$10 |
₹827.236 |
|
$50 |
₹4,136.18 |
|
$500 |
₹41,361.8 |
|
$5000 |
₹413,618 |
|
$50,000 |
₹4,136,180 |
Since its beginnings, the 1 dollar to INR exchange rate has experienced high volatility and a wide range of changes. To see how the INR’s value has changed, we have provided you with a table showing the values of 1 USD in INR from 1947 to the present.
|
Year |
USD to INR |
Year |
USD to INR |
|
2022 |
81.35 |
2015 |
62.97 |
|
2021 |
74.57 |
1984 |
11.36 |
|
2020 |
76.38 |
1981 |
8.66 |
|
2019 |
70.39 |
1980 |
7.86 |
|
2018 |
70.09 |
1975 |
8.38 |
|
2017 |
67.79 |
1970 |
7.5 |
|
2016 |
66.46 |
1947 |
4.16 |
A wide range of factors contributes to the consistent surge in the dollar price in India against the rupee. Some of these factors include increasing crude oil prices and inflation.
As per the statistics, it is assumed that one US dollar to INR today will remain within the range of 77-80. With passing time, we often find out that the 1 USD to INR is hitting new highs.
|
Particulars |
For Last 30 Days |
For Last 90 Days |
|
Low |
81.167 |
79.698 |
|
High |
82.852 |
83.011 |
|
Average |
81.894 |
81.814 |
|
Volatility |
0.22% |
0.33% |
No fixed rule can determine the dollar rate. The rate depends entirely upon the supply-demand condition, like any other commodity. The supply-demand rate refers to the supply-demand relationship of a currency in a market. The market is known as the foreign exchange market or FX market.
A group of major banks jointly manages the FX market. It operates similarly to the stock market. Dealers submit offers for a currency. This action of bidding or submitting offers for a currency is done at prices listed in another currency for a specific volume.
The market also has other dealers who would continue placing bids for that currency pair. However, they would do it in a reverse trade. The foreign exchange market is dynamic and the changes occur according to the rate of offers and bids. So, the USD to INR conversion and rate are dependent on the foreign exchange market mechanism.
The factors that determine the USD to INR conversion and rate are:
• The country's trade balance with the rest of the world plays a major role. If India purchases more from foreign countries than it sells in terms of value, it will start losing the flow of foreign exchange. This would weaken the Indian currency as compared to the dollar.
• The amount of foreign currency that India owes or has contributed to other nations majorly affects the USD to INR conversion and rate. If India lends money to other nations, it will require buying India's currency to repay the loan. This would significantly help Indian currencies to increase in value.
When we talk about a dollar to INR conversion, it refers to the exchange or conversion rate between US dollars and Indian rupees. The USD to INR exchange rate is never constant. This happens because the exchange rate is completely dependent on different factors that determine the currency's demand and supply value. The currency exchange market is very volatile due to the factors that affect the supply-demand interrelation.
The dollar to Indian rupee forecast is crucial to estimating the foreign currency cash flow involved in overseas transactions. This plays a vital role in assessing the benefits and hazards of currency conversion.
As of date, June 24th, 2022, 1 US Dollar is currently equivalent to 78.35 Indian Rupees. This day's expected high-low is 78.33–78.2291. +0.15 percent has been added from the previous day.
In India, multiple options can be followed to convert dollars to rupees.
The conventional method that has been going on for ages includes visiting banks. Banks are generally crowded places, and as a customer, you have to wait for a long time for your turn. The process is not only time-consuming but also quite aggravating.
The other way to convert dollars to rupees in India includes looking for a money changer. This method requires you to determine if the money changer has the desired USD. As soon as you begin proceeding with this method, you encounter a lengthy procedure. This method can also lead you to a situation where you may find out that you are not receiving the correct rate.
The third method includes doing currency conversion at airports. However, the expense required to get the job done is enormous. So, many people do not think of opting for this option.
The wiser, quicker, and more cost-effective method to perform dollar-to-rupee transactions is doable through 5paisa. Millions of people have trusted 5paisa for its excellent and quick service that offers the finest USD exchange rates. It will only require you to take simple steps to execute the process.
1. Choose your city, specify your currency needs, and make an online 5paisa purchase booking.
2. The bank or money exchanger in your area with the greatest and most dependable service standards will be chosen.
3. If you want your order to be delivered to your home, the chosen bank or money exchanger will do the same. Or, you can pick it up in person.
4. Until the delivery process or pick-up is completed, you can follow the progress of your order via the 5Paisa order tracker.
Because of the quantities you use in your calculations, the conversion rates you compute offline might vary a bit from those you see online. To get access to the most accurate and reliable results when converting currencies online, it is preferable to use the 5Paisa dollars to INR converter tool.
1. Utilize the ability to convert USD to INR at live rates at 5 Paisa. Unlike banks, authorized money exchangers, or local businesses, 5 paisa captures the 1 dollar in rupees rate according to live currency value. Since we are aware of how volatile the foreign exchange markets are, we rely on the live rate value.
2. 5 paisa provides the best foreign exchange rates. The 5paisa employees are always dedicated to making unquestionable efforts to serve their customers.
3. You can enroll in the 5paisa School to gain an in-depth understanding of the trading market if you have questions about FOREX or would like to educate yourself more about it before opting for its services.
4. 5 paisa is always dedicated to serving its customers. So, 5 paisa offers its excellent services without taking any hidden costs from their customers.
5. 5 paisa is a very economical choice when it comes to relying on an online money converter platform. It only costs a flat charge of ₹20 per order.
FAQ’s
Public debt, economic performance, political stability, and inflation are the few major criteria or factors that determine India’s exchange rates.
The greater the inflation rate, the poorer the currency performance of the country. As of now, India is witnessing a surge in inflation, which is resulting in the downfall of the purchasing power of INR. That’s one of the major reasons why INR is becoming less and less dominant against the dollar.
No, there won’t be a steady exchange rate between USD and INR. That’s because the fluctuations in the currency exchange rate occur due to geopolitical and economic factors like interest rates, inflation rates, government performance, political stability, recession, trade terms and negotiations, government debt, current account deficit, etc.
The British Virgin Islands, Turks and Caicos Islands, and the United States of America are the nations that accept the US dollar as the only currency.
The US dollar is accepted as their legal tender in nations like Ecuador and Panama. Apart from the United States territory, 11 nations have switched and announced their official currency as the US dollar.
These nations are Ecuador, Panama, Zimbabwe, The Turks and Caicos, Bonaire, Palau, El Salvador, The British Virgin Islands, Timor and Leste, Micronesia, and the Marshall Islands.
Yes, you can conduct a banking exchange for USD to INR. You should check the dollar-to-rupee exchange rate to determine if it is high or low for the day you’ll need to transfer funds to India online.
The forex (foreign currency exchange) market will decide how much the exchange rate will alter every minute. The greatest time to send money to India from abroad is right now because the exchange rate of USD to INR is at historic highs.
An expression that represents the worth of one US dollar in regards to Indian rupees is USD to INR.
The USD to INR exchange rate is never constant because of how dynamic the currency exchange marketplace relies on gross supply and demand factors.
Exchange rate estimates are required to estimate the foreign currency cash flows engaged in overseas activities. Predicting one USD to INR exchange rate is crucial for assessing currency conversion’s benefits and hazards.
The legal cap on the amount of cash in US dollars that can be transported from India to the US is USD 3000 per individual and per journey.
You are permitted to keep up to US $10,000 in the form of bank notes, travelers’ checks, etc. without declaring it to customs.
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