Interbank exchange rates for major currencies against the Indian Rupee are updated frequently, with platforms like ExTravelMoney refreshing rates every three minutes. As of June 12, 2026, the RBI’s reference rate for the US Dollar stood at ₹95.400, while the Euro was at ₹111.264 (as of June 3, 2026).
| Currency Pair | Interbank Rate (Buy) | Interbank Rate (Sell) | Last Updated (IST) | Source |
|---|---|---|---|---|
| USD/INR | 94.7 | — | June 5, 2026 | SBI UK |
| EUR/INR | 109.9 | — | June 5, 2026 | SBI UK |
| GBP/INR | 125.3 | 128.14 | June 6, 2026 9:47 AM | State Bank of India – Forex Card Rates |
| EUR/INR | 108.1 | 110.83 | June 6, 2026 9:47 AM | State Bank of India – Forex Card Rates |
| HKD/INR | 12.03 | 12.22 | June 6, 2026 9:47 AM | State Bank of India – Forex Card Rates |
| USD/INR | 95.400 | — | June 5, 2026 | RBI Reference Rate |
| EUR/INR | 111.264 | — | June 3, 2026 | RBI Reference Rate |
| 100 JPY/INR | 63.690 (Median) | — | June 3, 2026 | RBI Reference Rate (Average) |
| USD/INR | 95.743 (Previous) | — | June 4, 2026 | RBI Reference Rate |
| EUR/INR | 110.866 (Previous) | — | June 2, 2026 | RBI Reference Rate |
| USD/INR | 96.844 (All-time High) | — | May 20, 2026 | RBI Reference Rate |
| EUR/INR | 112.373 (All-time High) | — | May 20, 2026 | RBI Reference Rate |
These interbank rates are for understanding the underlying value of currencies, though retail transactions typically include a markup. The Indian Rupee has seen fluctuations, including a near 1% month-on-month decline as of June 2026.
Current Foreign Exchange Rates in India: Buy, Sell & Remittance (June 12, 2026)
Foreign exchange rates in India are dynamic, with major currencies like USD, EUR, and GBP fluctuating throughout the day. As of June 12, 2026, Moneycontrol updates spot rates daily, while providers like ExTravelMoney refresh rates every three minutes.
The Reserve Bank of India (RBI) provides reference rates, with the US Dollar at ₹95.400 on June 5, 2026, and the Euro at ₹111.264 on June 3, 2026. These rates vary for buying, selling, and remittances across different providers.
| Currency | Buy Rate (INR) | Sell Rate (INR) | Remittance Rate (INR) | Provider (Indicative) |
|---|---|---|---|---|
| USD (US Dollar) | 94.79 (March 24, 2026) | — | 90.70 (Feb 16, 2026) | Thomas Cook |
| USD (US Dollar) | — | — | 70 | Thomas Cook |
| USD (RBI Reference) | — | — | 95.400 (June 5, 2026) | RBI |
| EUR (RBI Reference) | — | — | 111.264 (June 3, 2026) | RBI |
The rates presented are indicative and subject to real-time market fluctuations, with final rates confirmed at the time of transaction (Source: HSBC India, June 5, 2026).
INR Vs. World Currencies: Real-Time Exchange Rates & Daily Trends (June 12, 2026)
The Indian Rupee (INR) exchange rates against major global currencies fluctuate throughout the day, driven by market dynamics and economic indicators. As of June 12, 2026, the US Dollar (USD) has shown a weakening trend against the INR, while the Japanese Yen (JPY) has strengthened.
Currency exchange rates are updated frequently by various providers; for instance, ExTravelMoney updates rates every three minutes, and Moneycontrol’s spot rates are current as of June 12, 2026.
| Currency | Symbol | 1 Unit = INR (Indicative) | Change (24h) | Trend (June 2026) |
|---|---|---|---|---|
| US Dollar | USD | 94.950 (June 5, 2026) | -0.328% (June 1, 2026) | Weakening against major currencies; declined ~5% since Feb 2026, on course for ~1% month-on-month decline |
| Euro | EUR | 111.264 (June 3, 2026) | +0.398% (June 2-3, 2026) | Weaker than INR; gained 13.30% against USD (2017) |
| British Pound | GBP | Not specified | Not specified | Weaker than INR; 4th most traded currency globally |
| Japanese Yen | JPY | 159.27 (June 2026) | Not specified | Strengthened on broad dollar weakness |
| Australian Dollar | AUD | Not specified | Steady at $0.7164 (June 2026) | Steady |
| New Zealand Dollar | NZD | Not specified | Rose 0.2% to $0.5946 (June 2026) | Near strongest level in more than two weeks |
| Ugandan Shilling | UGX | 1 INR = 39.23 UGX (May 21, 2026) | Not specified | Not specified |
| Iranian Rial | IRR | Not specified | Not specified | INR holds strong value against |
| Indonesian Rupiah | IDR | Not specified | Not specified | INR holds strong value against |
| Vietnamese Dong | VND | Not specified | Not specified | INR holds strong value against |
| Philippine Peso | PHP | Not specified | Not specified | Wagers against stayed elevated |
| Thai Baht | THB | Not specified | Not specified | Wagers against stayed elevated |
| Swiss Franc | CHF | Not specified | Not specified | 7th most traded currency globally |
| Chinese Yuan Renminbi | CNY | Not specified | Not specified | Gained 1.81% against USD (2017) |
These indicative rates reflect the Bloomberg Generic Composite rate (BGN) and are subject to real-time market fluctuations. For precise transaction rates, verify directly with your bank or authorized money changer.
How Live Currency Exchange Rates Work in India: Interbank, Spot & Market Factors
Live currency exchange rates in India are primarily driven by interbank rates, which are the wholesale rates banks use for large-volume trades. These rates are then adjusted by individual banks and money changers to include their profit margins for retail customers.
Market factors like economic data, geopolitical events, and central bank policies significantly influence these rates, with updates occurring frequently; for instance, ExTravelMoney updates rates every three minutes.
- Interbank Rates: This is the base exchange rate used by banks and large financial institutions for trading significant volumes of foreign currency. OANDA compiles these rates from leading market data contributors.
- Spot Rates: Spot rates represent the current price at which a currency pair can be bought or sold for immediate delivery. Moneycontrol updates its spot rates daily, as of June 12, 2026.
- Market Fluctuations: Exchange rates are highly dynamic, changing based on global economic news, interest rate decisions by central banks (like the RBI’s repo rate of 5.25% as of June 5, 2026), and geopolitical events.
- RBI Reference Rates: The Reserve Bank of India (RBI) publishes daily reference rates for major currencies like USD and EUR, which serve as benchmarks for the Indian forex market. As of June 5, 2026, the USD/INR reference rate was ₹95.400.
- Retail Mark-ups: Individual banks and forex providers add a mark-up to the interbank rate to cover operational costs and generate profit. This means the rate you receive will differ from the interbank rate.
- Economic Indicators: Strong economic growth, inflation data, and trade balances in India or other major economies can cause significant shifts in exchange rates. India’s energy import reliance, for example, makes the rupee sensitive to oil price changes.
- Geopolitical Events: Global events, such as the war in Iran, can lead to currency depreciation; the Indian rupee declined by 5% since late February 2026 due to such factors.
- Central Bank Interventions: The RBI may intervene in the forex market to stabilize the rupee, using measures like heavy FX swaps, which can influence premiums and overall exchange rates.
Understanding these underlying mechanisms helps individuals and businesses anticipate currency movements and secure better exchange rates for their transactions.
Best Ways to Get Competitive Forex Rates in India for Travel & Remittances 2026
Securing competitive foreign exchange rates in India for travel and remittances involves comparing multiple providers and understanding market dynamics. As of 2026, various platforms offer real-time rate comparisons, helping users find optimal deals for USD, EUR, GBP, and other currencies.
Travel currency cards and online money transfer services often provide better rates than traditional bank branches due to lower overheads. The RBI permits cash payments below ₹50,000 for foreign exchange for a single journey.
- Online Forex Marketplaces: Platforms like ExTravelMoney and BookMyForex compare rates from hundreds of banks and money changers. ExTravelMoney updates rates every 3 minutes, ensuring near real-time pricing.
- Forex Cards: Opt for multi-currency forex cards for international travel. Thomas Cook “Top Zero Mark-up Credit Cards for Forex Transactions in India in 2026” as a cost-effective option.
- Direct Bank Transfers (Online): Many banks offer online forex services, often with better rates than in-branch transactions. HSBC India updates its indicative exchange rates daily, for example, on June 5, 2026, at 10:00 AM IST.
- Specialised Money Transfer Services: Companies like Xe help international money transfers to over 190 countries in 130 currencies, with fees starting at $0 for some transactions. They also offer rate alerts.
- Negotiate with Money Changers: For larger amounts, especially for cash, negotiating with local authorised money changers can sometimes yield better rates than advertised. Always verify their RBI authorisation.
- Monitor Interbank Rates: Use tools like OANDA or Bloomberg to track interbank rates, which serve as a benchmark. OANDA provides access to 32+ years of historical FX data for 212 currencies.
- Avoid Airport Exchange Counters: Airport currency exchange services typically offer the least favourable rates due to convenience fees and higher operational costs.
By leveraging online comparison tools and understanding the fee structures of different providers, individuals can significantly reduce their foreign exchange costs for both travel and remittances in 2026.
Currency Exchange Providers in India: Thomas Cook, ExTravelMoney & Banks Compared
Several providers in India offer foreign currency exchange services, including online aggregators like ExTravelMoney and traditional banks such as HSBC India. Online platforms often provide more competitive rates by comparing multiple vendors, with ExTravelMoney updating rates every three minutes.
Thomas Cook and major banks offer convenience, while online aggregators focus on real-time rate comparison for better value.
| Provider | Key Features | Rate Transparency | Services Offered | Best For |
|---|---|---|---|---|
| Thomas Cook | Online forex tool, prepaid travel cards (single/multi-currency), NRI services, remittances, home delivery/pickup | Indicative rates, subject to market movements; compares rates against banks and other providers; transparent about fees | Buy/sell foreign currency, travel currency cards, multicurrency forex cards, international money transfers, remittances | Travelers seeking competitive rates, convenience, and a wide range of forex products; last-minute buys |
| ExTravelMoney | Online aggregator, live inter-bank exchange rates updated every 3-5 minutes, home delivery or pickup | Shows live inter-bank rates, compares quotes across hundreds of banks and money changers | Foreign currency exchange (USD, EUR, GBP, AUD, CAD, etc.), educational loans, university fee payments, GIC account opening | Individuals looking for the tightest spreads and real-time rate comparison for major currencies |
| BookMyForex | Online aggregator, compares exchange rate quotes across hundreds of banks and money changers, home delivery or pickup | Shows best forex rates in real time, typically beats bank rates by 1-3% and airport rates by 4-7% | Foreign currency exchange, forex cards | Individuals seeking the best online rates and convenience, advised to buy 2-3 days before departure |
| HSBC India | Major bank, offers foreign currency exchange services, phone banking | Indicative rates, subject to change based on market fluctuations; final rate applicable at time of debit/credit | Foreign currency exchange, NRI services | Existing HSBC customers seeking reliable banking services for foreign exchange |
| ICICI Bank | Major bank, offers foreign currency exchange services, prepaid forex cards | Card rates are indicative and subject to change; rates typically 1-2% below online aggregators | Foreign currency exchange, prepaid forex cards, Telegraphic Transfer (TT) for buy/sell transactions | Existing ICICI Bank customers for convenient currency exchange and forex cards |
| HDFC Bank | Major bank, offers foreign currency exchange services, prepaid forex cards | Rates typically 1-2% below online aggregators | Foreign currency exchange, prepaid forex cards | Existing HDFC Bank customers for convenient currency exchange and forex cards |
Online aggregators like ExTravelMoney and BookMyForex generally offer more competitive rates than traditional banks by enabling real-time comparison across multiple vendors.
How Much is ₹1 Worth Globally? Understanding the Indian Rupee’s International Value
The Indian Rupee’s international value is influenced by global economic factors and domestic policies. As of June 2026, the Rupee has seen fluctuations, with the US Dollar reaching an all-time high of ₹96.844 per USD on May 20, 2026, according to RBI reference rates. The Euro also hit an all-time high of ₹112.373 per EUR on the same date.
The Rupee’s performance against major currencies reflects India’s trade balance, inflation, and foreign investment flows. For instance, the Rupee declined by nearly 5% since late February 2026 due to global events. RBI’s reference rates provide official benchmarks, with the US Dollar at ₹95.400 on June 5, 2026, and the Euro at ₹111.264 on June 3, 2026.
Understanding these values is for international transactions, remittances, and travel. While the interbank rate is used by banks for large trades, individual consumers typically receive a rate with a markup. Services like Xe offer international money transfers to over 190 countries in 130 currencies, often with low fees starting at $0 for transfers.
Official RBI Reference Rates & DGFT Exchange Rates for Trade & Customs (June 2026)
The Reserve Bank of India (RBI) publishes daily reference rates for major currencies, for interbank transactions and accounting valuations. As of June 2026, the USD reference rate stood at ₹95.400, while the Euro was at ₹111.264, reflecting market movements. The Directorate General of Foreign Trade (DGFT) also uses specific exchange rates, primarily for customs valuation, which are updated by SBI and integrated with ICEGATE.
| Currency | RBI Reference Rate (INR) | DGFT Exchange Rate (INR) | Purpose |
|---|---|---|---|
| USD | 95.400 (05 Jun 2026) | Not Applicable | Trade & Commerce, Accounting Valuations, Economic Analysis |
| EUR | 111.264 (03 Jun 2026) | Not Applicable | Trade & Commerce, Accounting Valuations, Economic Analysis |
| GBP | 125.763 (25 Mar 2026) | Not Applicable | Trade & Commerce, Accounting Valuations, Economic Analysis |
| JPY | 63.690 (100 JPY/INR) (03 Jun 2026) | Not Applicable | Trade & Commerce, Accounting Valuations, Economic Analysis |
| USD | Not Applicable | Updated by SBI | Customs Valuation (integrated with ICEGATE) |
| EUR | Not Applicable | Updated by SBI | Customs Valuation (integrated with ICEGATE) |
| GBP | Not Applicable | Updated by SBI | Customs Valuation (integrated with ICEGATE) |
| JPY | Not Applicable | Updated by SBI | Customs Valuation (integrated with ICEGATE) |
These official rates serve as benchmarks for various financial and trade activities, with the RBI rates reflecting broader economic trends and the DGFT rates specifically for import/export duties.
Key Takeaways
- The RBI reference rate for USD was ₹95.400 as of June 5, 2026, indicating the official valuation for interbank and economic analysis.
- Euro’s RBI reference rate stood at ₹111.264 on June 3, 2026, for Eurozone trade and financial reporting.
- DGFT exchange rates, used for customs and trade, are updated by SBI and integrated into the ICEGATE system for import/export valuations.
For current customs valuations, verify the latest DGFT exchange rates directly on the ICEGATE portal.
Frequently Asked Questions (FAQs)
How often do live currency exchange rates update in India?
Live currency exchange rates in India update frequently, often every few minutes, to reflect real-time market fluctuations. For instance, platforms like ExTravelMoney update their inter-bank rates every three minutes, as of June 2026. Banks and forex providers also adjust their indicative rates throughout the day based on these market movements.
Where can I find the most accurate live exchange rates for INR?
You can find accurate live exchange rates for INR on financial news portals like Moneycontrol, dedicated forex platforms such as Xe and OANDA, and bank websites like HSBC India and BNP Paribas. The Reserve Bank of India (RBI) also publishes daily reference rates, which are a key benchmark. Always check multiple sources and the timestamp of the rate.
What factors influence the live currency exchange rates against INR?
Live currency exchange rates against INR are influenced by India’s economic indicators, global market sentiment, and RBI interventions. Factors like inflation, interest rate decisions by the RBI, crude oil prices, and foreign investment flows significantly impact the Rupee’s value. Geopolitical events and global economic data also play a role in daily fluctuations.
Are the live exchange rates shown online the exact rates I will get?
No, the live exchange rates shown online, often called mid-market rates, are usually indicative and not the exact rates you will receive. Banks and forex providers add a margin to these rates to cover their costs and profit. For example, HSBC India states its online rates are indicative and subject to change at the time of transaction (as of June 2026).
Which currencies are most commonly exchanged against INR in India?
The most commonly exchanged currencies against INR in India include the US Dollar (USD), Euro (EUR), British Pound (GBP), and UAE Dirham (AED). Other frequently traded currencies are the Australian Dollar (AUD), Canadian Dollar (CAD), and Swiss Franc (CHF). These are popular for international trade, travel, and remittances.
How can I get the best exchange rate when converting INR?
To get the best exchange rate when converting INR, compare rates from multiple providers like banks, authorized money changers, and online forex platforms. Consider using multi-currency forex cards, which often offer better rates than cash or credit cards for international transactions. Booking your forex online can also sometimes secure more competitive rates.
What is the difference between remittance rates and travel forex rates?
Remittance rates apply when sending money from a foreign country to India, or vice versa, typically for family support or business. Travel forex rates are for buying or selling foreign currency for personal travel abroad, often for cash or pre-loaded forex cards. Thomas Cook India, for example, provides separate rates for remittances and travel currency cards.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI) before deciding.