Foreign Currency Conversion
INR-foreign currency converter using reference rate, FEMA-compliant format.
Convert between Indian Rupee (INR) and major foreign currencies using indicative FBIL / RBI reference rates. The bank's TT buying / selling rate will differ by a spread (typically 1-3%) plus applicable GST and TCS on outward remittances.
Rates as of May 2026 (indicative). For live rates, check FBIL or RBI. Banks usually apply a 1-3% spread on TT (Telegraphic Transfer) buy / sell rates.
Conversion Result
Mid-market rate-
Indicative bank TT buy-
Indicative bank TT sell-
Converted (mid)-
Bank rates depend on your AD Bank, transaction size, and remittance purpose. For LRS outward remittances, the TT-sell rate applies plus GST @ 18% on remittance fees + TCS (if applicable).
All Indicative Rates (INR per unit)
| Currency | Name | INR per unit |
|---|---|---|
| USD | US Dollar | ₹ 84.00 |
| EUR | Euro | ₹ 91.50 |
| GBP | British Pound | ₹ 107.00 |
| JPY | Japanese Yen (per 100) | ₹ 55.50 |
| AUD | Australian Dollar | ₹ 55.20 |
| CAD | Canadian Dollar | ₹ 60.80 |
| SGD | Singapore Dollar | ₹ 62.40 |
| AED | UAE Dirham | ₹ 22.88 |
| CHF | Swiss Franc | ₹ 92.80 |
| CNY | Chinese Yuan | ₹ 11.60 |
| HKD | Hong Kong Dollar | ₹ 10.78 |
| NZD | New Zealand Dollar | ₹ 50.40 |
Important note: This tool provides an indicative output only. It does not factor in every special provision, surcharge, exception, or recent notification. Verify with the firm before acting on any computation.
Frequently Asked Questions
Which exchange rate should be used for Indian tax and regulatory purposes?
Different laws prescribe different rates. Customs valuation uses CBIC-notified rates updated periodically, income-tax conversions follow the SBI telegraphic transfer buying rate under Rule 115 on specified dates, and accounting under Ind AS or AS 11 typically uses RBI/FBIL reference rates. For actual FEMA remittances, the bank applies its card rate at the time of conversion.
Who publishes the official reference exchange rate for the rupee?
Financial Benchmarks India Limited (FBIL) computes and publishes the daily reference rates for the US dollar and other major currencies against the rupee, which the RBI disseminates on each business day. These reference rates are widely used for accounting, valuation and reporting, though actual transactions occur at market or bank card rates.
What is the LRS limit for resident individuals?
Under the Liberalised Remittance Scheme, resident individuals can remit up to USD 250,000 per financial year for permissible current and capital account transactions such as education, travel, medical treatment, gifts and overseas investment. Tax collected at source (TCS) applies above threshold limits, with the rate depending on the purpose of remittance.
Are foreign exchange gains and losses taxable?
Generally yes, with treatment depending on whether the gain or loss arises on revenue or capital account. Realised exchange differences from business transactions are typically taxable or deductible as business income, while capital account items follow specific provisions such as Section 43A for imported assets. The facts of each transaction determine the exact treatment.
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