Currency Converter — INR to USD, EUR, GBP & More
Convert between Indian Rupee and 15+ world currencies using indicative mid-market rates. Enter amount, select currencies, get instant conversion. Also covers RBI LRS limits ($250K/year), TCS on foreign remittances (5%/20% above ₹7L), and Form 15CA/15CB requirements. Rates are approximate — check RBI for official reference rates.
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How to Use
Select currencies and enter an amount. Conversion updates instantly. Click the swap button to reverse direction. Rates are indicative mid-market approximations — actual bank rates include a margin of 0.5–3%. For official rates check the RBI reference rates published daily or the FBIL benchmark rates.
CA Tip: For income tax purposes, convert foreign income using SBI TT buying rate on the last day of the month of earning. For foreign remittances above ₹5L, Form 15CB (CA certificate) and Form 15CA are mandatory before the bank processes the transfer. The ICAI provides detailed guidance on forex accounting under AS-11.
Indicative Exchange Rates — INR
| Currency | Code | 1 Unit = INR (approx) |
|---|---|---|
| US Dollar | USD | ₹85.50 |
| Euro | EUR | ₹92.80 |
| British Pound | GBP | ₹108.50 |
| UAE Dirham | AED | ₹23.30 |
| Japanese Yen | JPY | ₹0.57 |
| Australian Dollar | AUD | ₹55.20 |
| Canadian Dollar | CAD | ₹62.10 |
| Singapore Dollar | SGD | ₹64.80 |
| Swiss Franc | CHF | ₹97.50 |
| Saudi Riyal | SAR | ₹22.80 |
| Chinese Yuan | CNY | ₹11.80 |
| Kuwaiti Dinar | KWD | ₹278.50 |
Rates are approximate mid-market values for reference only. Updated periodically.
RBI LRS Limits & TCS on Foreign Remittances
| Purpose | LRS Limit | TCS Rate | Threshold |
|---|---|---|---|
| Education (self-funded) | $250,000/FY | 5% | Above ₹7L/FY |
| Education (loan funded) | $250,000/FY | 0.5% | Above ₹7L/FY |
| Medical treatment | $250,000/FY | 5% | Above ₹7L/FY |
| Travel / Tourism | $250,000/FY | 20% | Above ₹7L/FY |
| Investment abroad | $250,000/FY | 20% | Above ₹7L/FY |
| Gift / Maintenance | $250,000/FY | 20% | Above ₹7L/FY |
TCS is adjustable against your total income tax liability when filing ITR. Ensure you claim credit in your return to avoid double taxation.
Tips for Better Exchange Rates
- Compare platforms: Online forex services often beat bank branch rates by 1–2%. Compare BookMyForex, Thomas Cook, and your bank before converting.
- Avoid airports: Airport money changers charge 3–5% margins. Convert before travelling or use international debit/credit cards.
- Negotiate for large amounts: For conversions above ₹5 lakh, negotiate directly with your bank RM for better rates.
- Mid-week is best: Tuesday to Thursday typically offers more competitive rates than Monday or Friday.
- Form 15CA/15CB: For remittances above ₹5L, get CA certificate (15CB) before bank transfer to avoid delays.
Need forex compliance help? Our CAs handle Form 15CA/15CB, LRS compliance, TCS on remittances, and NRI taxation. Talk to a CA today →
