INR to USD Exchange Rate Today: Rupee to Dollar Reference Rate

The INR to USD exchange rate was 1 Indian rupee = 0.01042 US dollar on 16 September 2026, based on the RBI/FBIL reference rate of ₹95.9433 per dollar. At that rate, ₹1,00,000 converts to about $1,042 before any bank or transfer fee.

The reference rate is a benchmark, not the price a bank will give you. For the newest dated figure, check our exchange rates today board.

INR to USD today: key facts

INR to USD conversion table

Converted at the RBI/FBIL reference rate of ₹95.9433 per dollar for 16 September 2026. Divide the rupee amount by the rate to get dollars.

Going the other way, $100 was ₹9,594.33 and $1,000 was ₹95,943.30 at the same rate. Our USD to INR page covers that direction, and the currency converter handles any amount.

INR to USD rate in June 2026 and since

Many searches on this page asked for the June 2026 rate. The RBI archive holds the official figure for each date. The table below uses cross rates worked out from the European Central Bank’s daily euro reference rates, which sit close to the Indian reference rate but not exactly on it.

So ₹1 bought slightly fewer cents in mid-September than in June. On ECB data, the monthly average was ₹94.93 per dollar in June, ₹95.83 in July and ₹95.45 in August 2026.

How the rupee has moved against the dollar in 2026

The rupee started 2026 at about ₹90.20 per dollar on 2 January, on ECB cross rates. It weakened through the first five months and touched about ₹96.83 on 20 May. Since then it has traded mostly between ₹94 and ₹96.

Over the year to 16 September 2026, the dollar rose from about ₹88.05 to ₹95.96. That is roughly an 8% fall in what ₹1 buys in dollars, which raises the rupee cost of US tuition, travel and imports.

Which INR to USD rate to use

How to convert rupees to dollars at a fair rate

1. Note the reference or mid-market rate on the day you plan to buy dollars.
2. Get quotes from two or three providers: your bank, an RBI-authorised money changer and a remittance service.
3. Compare the dollars you will receive after all fees and taxes, not the headline rate.
4. When paying by card in the US, choose to be charged in dollars. Paying in rupees at the terminal triggers dynamic currency conversion, which usually costs more.
5. Deal only with banks and money changers authorised by the RBI under the Foreign Exchange Management Act, 1999.

Limits on buying and sending dollars

Resident individuals, including minors, can send up to USD 2,50,000 abroad in each financial year (April to March) under the RBI’s Liberalised Remittance Scheme. That limit has not changed since May 2015. It covers tuition, living costs, gifts and permitted investments. Tax collected at source may apply above set thresholds; our guide to LRS limits and TCS explains when.

For travel, the RBI’s FAQs let you buy foreign currency notes and coins worth up to USD 3,000 per visit for most countries. Anything above that should go on a forex card, traveller’s cheques or a bank draft.

What moves the rupee against the dollar

Frequently asked questions

What is the INR to USD exchange rate today in 2026?

The latest RBI/FBIL reference rate is ₹95.9433 per dollar, for 16 September 2026, so ₹1 equals about $0.0104. See the exchange rates board for the newest date.

What is 1 INR to USD today?

1 Indian rupee was worth $0.010423 on 16 September 2026, at the reference rate. A bank or card will give you slightly less.

What was the INR to USD exchange rate in June 2026?

On ECB cross rates, the dollar traded between about ₹94.33 and ₹95.79 in June 2026, so ₹1 was worth $0.01044 to $0.01060. The June average was ₹94.93 per dollar.

How many dollars is ₹1 lakh?

About $1,042 at the 16 September 2026 reference rate, before fees and any tax collected at source.

What is the Indian rupee to US dollar conversion rate in 2026 so far?

On ECB data, the dollar has ranged from about ₹89.85 in early January to ₹96.83 on 20 May 2026, averaging about ₹93.85.

Why is the rate at my bank different from the RBI rate?

Banks and money changers add a margin to the market rate and may charge fees. The RBI/FBIL figure is a reference, not a dealing rate.

Sources

• Reference rates (FBIL) and policy repo rate — Reserve Bank of India (checked 17 Sep 2026)
• Reference rate archive — Reserve Bank of India (checked 17 Sep 2026)
• Euro foreign exchange reference rates — European Central Bank (checked 17 Sep 2026)
• Liberalised Remittance Scheme FAQs — Reserve Bank of India (checked 17 Sep 2026)
• FAQs on foreign exchange for travel — Reserve Bank of India (checked 17 Sep 2026)
• Monetary policy statement, August 2026 — Reserve Bank of India (checked 17 Sep 2026)