Indian Rupee (INR)
The Indian rupee is one of the most traded emerging market currencies, supported by a large domestic economy and growing services exports. The Reserve Bank of India manages the float and intervenes to reduce sharp swings.
The latest available mid-market reference is 1 INR = 0.010655 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Indian Rupee
India is a major importer of oil and a large exporter of services, so the rupee is driven by both commodity prices and technology earnings. It is used in a growing share of regional trade and remittances.
A short history
The rupee was decimalised in 1957 and has been managed since the 1970s. India moved to a market-determined rate in 1993 as part of a wider liberalisation.
What moves the Indian Rupee
Oil import costs, foreign portfolio flows, remittances and Reserve Bank of India intervention. India imports most of its crude oil, so energy prices are a direct driver.
Live INR exchange rate
| Currency | 1 INR equals |
|---|---|
| US Dollar (USD) | 0.010655 |
| Euro (EUR) | 0.009588 |
| British Pound (GBP) | 0.008017 |
| Japanese Yen (JPY) | 1.6996 |
| Chinese Yuan (CNY) | 0.071238 |
| Canadian Dollar (CAD) | 0.015173 |
| Australian Dollar (AUD) | 0.01555 |
| Swiss Franc (CHF) | 0.008863 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
INR conversion pages
Guides for Indian Rupee
Other currency profiles
Indian Rupee questions
What is the Indian Rupee?
Indian Rupee (INR) is used in the following countries and territories: India, with the rupee also used in Bhutan and Nepal under pegs. Central bank: Reserve Bank of India. Exchange rate regime: managed float.
Which countries use the Indian Rupee?
The Indian Rupee is used in the following countries and territories: India, with the rupee also used in Bhutan and Nepal under pegs.
What affects the Indian Rupee exchange rate?
Oil import costs, foreign portfolio flows, remittances and Reserve Bank of India intervention. India imports most of its crude oil, so energy prices are a direct driver.